Party City to Cease Operations Immediately
December 21, 2024 - 02:51
Party City, once a leading name in the party-supply industry, has announced it will be going out of business. CEO Barry Litwin confirmed this decision in a recent statement, indicating that the company will begin the process of winding down operations immediately.
The retailer, known for its wide range of party supplies, decorations, and costumes, has faced significant challenges in recent years, including increased competition and changing consumer preferences. Despite its efforts to adapt to the evolving market, the company has struggled to maintain profitability.
Litwin expressed regret over the decision, acknowledging the impact it will have on employees and customers alike. He emphasized the company's commitment to ensuring a smooth transition during this difficult time. As Party City prepares to close its doors, loyal customers and employees are left to grapple with the loss of a once-popular destination for celebrations and events.
MORE NEWS
February 21, 2026 - 10:12
Supreme Court’s tariff ruling means good news for Pretzel Pete in HatboroA recent Supreme Court decision has struck down a long-standing legal doctrine, a move with immediate positive implications for small business owners like Hatboro`s `Pretzel Pete.` The ruling...
February 20, 2026 - 21:58
Culture Council: Cultivating Integrity for Long-Term Business SuccessIn today`s competitive landscape, long-term business success is increasingly defined not just by financial metrics, but by the strength of an organization`s culture. At the heart of a resilient...
February 20, 2026 - 09:52
Lakers add Dodgers executive Rosen to front officeIn a notable cross-sport front office move, the Los Angeles Lakers have hired longtime Los Angeles Dodgers executive Lon Rosen. This appointment marks another significant organizational shift for...
February 19, 2026 - 18:45
**Trump's Tariffs Reshape Trade, But Small Businesses Bear the Brunt**A new financial analysis reveals that recent U.S. tariffs on Chinese goods are achieving a stated goal: reducing America`s economic reliance on China. The data indicates a significant shift, with...