Party City announces store closure

Party City, a well-known retailer for party supplies and decorations, has announced plans to close several of its stores nationwide, including 25 locations in New Jersey. The decision is part of the company's ongoing restructuring efforts following its bankruptcy filing earlier this year.

Impact on New Jersey Residents

The closures will affect customers who have relied on Party City for everything from birthday decorations to holiday party essentials. While the company has not yet released the exact locations of the stores that will close, many New Jersey residents are bracing for the impact, as Party City has long been a go-to destination for event planning supplies.

Reasons Behind the Closures

The store closures come as Party City grapples with increased competition from online retailers and the rising costs of raw materials. Despite efforts to streamline operations and improve profitability, the company cited the need to downsize its physical footprint to focus on more sustainable growth strategies.

What’s Next for Party City?

While some stores will close, Party City plans to shift more focus to its e-commerce platform, offering customers the convenience of shopping for party supplies online. The company also hinted at investing in its "Halloween City" pop-up stores, which have been a significant revenue driver in recent years.

A Message to Customers

Party City has assured customers that gift cards, store credits, and loyalty points will remain valid and can be used at any operational location or online. A list of closing stores is expected to be published soon to help customers plan their shopping trips accordingly.

For now, shoppers in New Jersey and across the U.S. may want to take advantage of clearance sales at closing locations, as the company works through its inventory.

Party City is closing 25 stores in New Jersey as part of a nationwide downsizing.

The closures are part of restructuring efforts following bankruptcy.

Customers can still shop online or at remaining open locations.

Stay updated on the latest developments by following local news and Party City’s official announcements.