Gwen Laverna

Party City Going Out Of Business 2025. Party city is closing stores after nearly four decades of business. Party city is closing down all of its stores, ending nearly 40 years in business, cnn has learned.

Party city previously filed for bankruptcy in january 2023 with about $1.7 billion in debt. Party city will close effective immediately, and big lots will begin holding its going out of business sales at all locations.