Party City Going Out of Business, Closing All Locations Today

By Mary Anne ButlerDecember 20, 20241 Min Read

Party City, once the thriving one-stop-shop for all our celebratory needs, is gone. The company announced the closure of all stores via a meeting Friday morning. CNN reports CEO Barry Litwin told corporate employees the company is “winding down” operations immediately. It means today, Friday, December 20th, will be their last day of employment.

Staff will not receive severance pay.

“That is without question the most difficult message that I’ve ever had to deliver,” Litwin said on the virtual call. “It’s really important for you to know that we’ve done everything possible that we could to try to avoid this outcome. Unfortunately, it’s necessary to commence a winddown process immediately.”

This is heartbreaking for the employees of the company, especially the week before Christmas.

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Mary Anne Butler

Mary Anne Butler (Mab) has been part of the fast-paced world of journalism since she was 15, getting her start in album reviews and live concert coverage for a nationally published (print) music magazine. She eventually transitioned to online media, writing for such sites as UGO/IGN, ComicsOnline, Geek Magazine, Ace of Geeks, Aggressive Comix (where she is still Editor-in-Chief), Bleeding Cool (where she was News Editor), and now Nerdbot as Editor-In-Chief. Over the past 10 years, she’s built a reputation at conventions across the globe as a cosplayer (occasionally), photographer (constantly), panelist and moderator (mostly), and reporter (always). Interviews, reviews, observations, breaking news, and objective reporting are the name of the game for the founder of Harkonnen Knife Fight, a Dune-themed band with an international presence. Though she be but little, she is fierce.