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

Party City announced that it's going to “wind down” its retail and wholesale operations as it prepares to shutter nearly 700 stores nationwide.

In an internal letter, the company said inflation and changes in consumer spending had forced it to shut its more than 700 stores.

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.

The popular party supplies retailer announced on Friday, Dec. 20 that is closing all stores after 38 years in business

Party City, which has been struggling since the COVID-19 pandemic, filed for Chapter 11 bankruptcy protection in the United States on Saturday for the second time in two years as it plans to wind down its retail and wholesale operations.

The company said customers should shop going-out-of-business sales soon for the best selection of merchandise.

The El Paso store at 1842 Joe Battle Blvd. had several store closing signs announcing the closing and 10 to 50% discounts on Thursday, Dec. 26 and plenty of merchandise. The other

Party City will be closing all stores within the next few months. Find out why the retailer is going out of business and where Louisiana stores are.