For ads-free news, click here.
From the New York Post: The party’s over for Party City.
The New Jersey-based retailer, which had more than 850 locations globally as of August this year, will shutter all its stores after running out of money to stay in operation, according to CNN.
Barry Litwin, the company’s chief executive officer, told corporate employees on Friday that Party City is “winding down” operations immediately and that today will be their last day of employment.
“That is without question the most difficult message that I’ve ever had to deliver,” Litwin said at the meeting, which was held on a video conference call.
The corporate staff also learned that they would not receive any severance pay, and their benefits would end as the company goes out of business.
“It’s really important for you to know that we’ve done everything possible that we could to try to avoid this outcome,” Litwin told the corporate staff on the video conference. “Unfortunately, it’s necessary to commence a wind-down process immediately.”
Store employees were also notified by email on Friday that all stores will close on February 28, at which point they will all be terminated.
A 2021 report said Party City had approximately 6,400 full-time and 10,100 part-time workers.
Party City is going out of business. The chain plans to close all of its stores after nearly 40 years in business, and corporate employees were told today is their last day of employment. https://t.co/RPtVOh0Oac pic.twitter.com/vpjANjyti7
— CNN (@CNN) December 20, 2024
Conservative filmmaker Robby Starbuck pointed out, “Also relevant to know: Party City made a huge DEI and LGBTQ push in recent years. Their business crumbled as they forced this agenda. Go woke, go broke.”
After nearly 40 years in business, Party City is abruptly closing ALL stores today and staff will not receive any severance.
Also relevant to know: Party City made a huge DEI and LGBTQ push in recent years. Their business crumbled as they forced this agenda.
Go woke, go broke. pic.twitter.com/vfhWjHrwGL
— Robby Starbuck (@robbystarbuck) December 20, 2024
Canadian news outlet CBC News reported that Party City is only closing their U.S. locations, but the Canadian stores will remain in operation.
Party City is reportedly closing all of its stores across the U.S. but Canadian stores will continue to operate. https://t.co/Gc4tjbsOPH
— CBC News (@CBCNews) December 20, 2024
Follow us on X (Formerly Twitter.)
Dennis Michael Lynch personal: www.X.com/TrustDML
The DML News App: www.X.com/DMLNewsApp
The Dennis Michael Lynch Podcast archive is available below, with the most recent on top. Never miss an episode. Subscribe to the show by downloading The DML News App or go to Apple Podcasts.
