On Friday, store staff received letters stating that all stores will officially close by Feb. 28, 2025. Until then, Party City’s roughly 700 locations will remain open for “going out of business” sales while supplies last. The company added that about 95% of its 12,000 employees will remain on staff through the closure period.

CEO Barry Litwin told employees that operations would be "winding down" immediately, according to a CNN report

Party City, known for its party supplies and seasonal Halloween City popup stores, has filed for bankruptcy and is going out of business.

Party City is officially shutting down operations, with corporate staff employment ending immediately and store closures planned for early next year, according to an announcement from CEO Barry Litwin.

Party City, which operates more than a dozen locations in Greater Philadelphia and over 850 outposts across the country, is closing all of its stores. Friday was the last day of work for corporate employees, the retail chain's CEO, Barry Litwin, told them in a videoconference call watched by a CNN reporter, which first reported the news.

Party City, which operated about 750 stores, had filed for Chapter 11 bankruptcy in January 2023 and emerged from the process in October 2023 with $1 billion less in debt. It also named a new CEO, Barry Litwin, who joined the company in August 2024.

INDIANAPOLIS (WISH) — Party City is closing all of its stores nationwide after 40 years in business. This includes all locations in Indiana. According to CNN, CEO Barry Litwin told corporate employees Friday in a meeting viewed by CNN that Party City is “winding down” operations immediately and that today will be their last day of employment.

The announcement was made to corporate employees Friday, who were told it was also their last day of work, according to CNN.

Party City filed for Chapter 11 bankruptcy Saturday, with the company closing all of its stores nationwide. See the full list here.