Party City's CEO announced at a meeting Friday it is shutting down all stores, a day after Big Lots announced closing sales.
What's NewParty City is closing all of its stores, according to a corporate meeting that CNN first reported on.Newsweek reached out to Party City's press team for comment via email.Why It MattersParty City has over 700 stores across North American and has been in business for nearly 40 years. CEO Barry Litwin told corporate employees on Friday that Party City would be 'winding down' operations immediately. Friday is the employees' last day.
How Many Party City Locations Are There?According to a company press release from October, Party City has over 700 stores in North America.When Will The Closures Happen?The CEO told employees December 20 is their last day. The closures are effective immediately.When is Big Lots closing? The national retailer Big Lots also announced that it is going out of business.Newsweek reached out to Big Lots' press team over email for comment.
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