Liquidation sales underway with discounts of up to 25% as chain prepares to shutter more stores after bankruptcy

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Liquidation sales underway with discounts of up to 25% as chain prepares to shutter more stores after bankruptcy

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A party and craft retailer is set to close even more stores, with liquidation sales offering up to 25 percent off. The closure of four Party City stores come after a difficult 2023 for the chain, when it shuttered 30 stores. The retailer had fallen into dire financial straits, blaming the effects of the pandemic and helium shortages, and ultimately filed for bankruptcy in January that year. Party City underwent a restructuring and bosses managed to clear around $1 billion of its debts, allowing it to stay in business and hold on to about 850 shops.
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