Party City announces another store closure after 22 locations shutter during bankruptcy – see full list

PARTY City will shut down operations in another location in a few weeks after filing for bankruptcy earlier this year.

The party supplier declared bankruptcy in January 2023, allowing the retailer to restructure and reduce its debts.

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Following the bankruptcy, Party City has been closing stores across the United States.

The latest location on the chopping block is one in Jackson, Michigan.

This store has been in the Jackson community for a decade and will officially close on April 26.

Party City will have a sale to clear out its merchandise before it shutters its doors in Jackson.

Festive gathering retail giant Party City has put 12 stores located across six different states up for auction.

Another ten stores are expected to close by the end of the month – with the possibility of more closures in the future.

The retailer is now asking to get out of leases for 28 vacant stores in 13 states, which closed before the bankruptcy filing, per Retail Dive.

The business operated 823 stores and 770 were company-owned as of January, court documents showed.

Supply chain issues led to merchandise hiccups and helium has been in short supply, all factors contributing to the closures, according to Reuters.

Party City saw a slow demise over Covid-19, when the market for get-togethers was a scarce one.

The move to file for Chapter 11 bankruptcy protection allows a business to keep trading while it restructures its debts.

Franchise stores, subsidiaries outside of the U.S., and Party City’s foil balloons business are not part of the restructuring.

The company had more than 16,000 full- and part-time employees in 2021.

High costs of products and labor paired with lower sales have put the retailer in a tough spot.

It also faces competition from Walmart and Target, as well as occasion-based pop-up stores like Spirt Halloween.

The full list of store closures so far include:

• Georgia: Rome: 2702 Martha Berry Rd, Cartersville: Cartersville Crossing, 451 E Main St.
• Iowa: Waterloo: Crossroads Commons Shopping Center, 1415 Flammang Dr.
• Illinois: Bradley: Bradley Commons, 2060 N State Rte. 50
• Louisiana: Slidell: Stirling Slidell Shopping Center, 61119 Airport Rd.
• Michigan: Holland: Felch Street Shopping Center, 3050 Beeline Rd., Ste. 20, Fort Gratiot: 4047 24th Ave., Benton Harbor: Fairplain Plaza, 1040 Fairplain Dr.: Michigan: Jackson: Jackson Crossing, 1510 N West Ave.
• Missouri: St. Joseph: East Hills Shopping Center, 3702 Frederick Ave., Ste. L12, Belton: Belton Gateway, 541 East Markey Pkwy.
• New Jersey: West Paterson: Mcbride Lenox Plaza Shopping Center, 1756 Route 46
• New York: New York: 223 W 34th St., New York: 301 W 125th St., Bronx: Broadway Plaza, 171 W 230th St., Buffalo: Boulevard Consumer Square, 4090 Maple Rd., Irondequoit: Culver Ridge Plaza, 2255 E Ridge Rd.
• Oklahoma: Lawton: Cache Road Square, 3801 NW Cache Rd., 19B
• Oregon: Corvallis: Circle 9 Shopping Center, 944 NW Circle Blvd.
• Texas: Corpus Christi: Five Points Shopping Center, 4101 Hwy. 77, Ste. K2
• West Virginia: Beckley: Raleigh Mall, 4283 Robert C. Byrd Dr., Martinsburg: Martinsburg Mall, 800 Foxcroft Ave.

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