Party City was a major U.S. party-supplies retailer known for balloons, costumes, and seasonal party décor. Because the company’s footprint and operations changed dramatically through restructuring and liquidation events, the most accurate approach is to use dated benchmarks and a clear timeline.
Is Party City still in business?
Party City’s status changed significantly after a second Chapter 11 filing in December 2024, when the company planned to wind down operations and close stores (as reported by Reuters). Earlier, Party City emerged from a prior bankruptcy in 2023 before later financial deterioration.
Key Metrics Table (Dated Benchmarks)
| Metric | Figure | Year / label | Source |
|---|---|---|---|
| Employees | 6,400 full-time + 10,100 part-time | 2022 (historical) | Company filing (PDF) |
| Stores | ~700 stores (wind-down reference) | Dec 2024 (reported during liquidation) | Reuters |
| First bankruptcy outcome | Plan confirmed; effective date | Sep–Oct 2023 | Kroll case site |
Party City Revenue (Historical, Pre-Restructuring Era)
| Year | Revenue | Source |
|---|---|---|
| 2021 | $2.171B | |
| 2020 | $1.850B | |
| 2019 | $2.294B |
FAQ
When did Party City file bankruptcy?
Party City filed for Chapter 11 in January 2023 and emerged later in 2023, then filed again in December 2024 as it planned to wind down operations. Kroll / Reuters
How many stores did Party City have?
Store totals changed over time. Reuters reported the company planned to wind down about 700 stores in December 2024. Source
Sources
- 2022 employees + historical financials: Company PDF
- 2024 bankruptcy wind-down: Reuters
- Case timeline (2023 plan/effective date): Kroll