Party City Corporation

Party City Corporation, established in 1986 by Steve Mandell in East Hanover, New Jersey, has long been a leading retailer in the party supply industry. Over the years, it expanded its presence across North America, offering a vast array of products for various celebrations.

Product and Service Offerings

Party City specialized in providing a comprehensive selection of party supplies, including decorations, tableware, costumes, and accessories. Their product range catered to a wide spectrum of events, from birthdays and graduations to seasonal festivities like Halloween.

The company operated both company-owned and franchise stores, serving customers through physical retail locations and an online platform. Additionally, Party City owned and operated several other brands, such as Halloween City and Toy City, further diversifying its offerings.

Operational Footprint

At its peak, Party City had a significant presence in the United States, with stores in numerous states, including Texas, California, and Florida. The company also had a notable presence in Canada, Puerto Rico, and Mexico.

However, in December 2024, Party City filed for Chapter 11 bankruptcy and announced the closure of all its corporate-owned U.S. stores by February 28, 2025. Franchised locations and Canadian stores remained operational under the ownership of Canadian Tire.

Recent Developments

• In May 2019, Party City closed 45 locations to optimize market performance.
• In August 2019, its Canadian operations were acquired by Canadian Tire for $174.4 million CAD.
• In January 2023, Party City filed for Chapter 11 bankruptcy to restructure and reduce debt.
• By September 2023, the company completed its bankruptcy reorganization, eliminating over $1 billion of debt.
• Despite these efforts, Party City faced ongoing challenges, leading to the decision to close all U.S. stores by February 2025.

Current Status

As of June 2025, PartyCity.com in the United States is back online and fully operational under new ownership. The website has resumed accepting orders and is open for business.

Locations

While the company has ceased operations in the United States, franchised locations and Canadian stores continue to operate under the ownership of Canadian Tire.

Party City Corporation's locations include:

• Fargo, ND
• Shreveport, LA
• Macon, GA
• El Paso, TX
• Lafayette, LA
• Highland, IN
• Greensboro, NC
• Columbus, GA
• Marion, IA
• Raleigh, NC
• Toledo, OH
• Mobile, AL
• Norman, OK
• Gulfport, MS
• Bloomington, IN
• Baton Rouge, LA
• Burlington, VT
• Augusta, GA
• Compton, CA

Specific details about the current number and locations of these stores are not readily available.

In summary, Party City Corporation has been a significant player in the party supply industry, offering a wide range of products for various celebrations. Despite facing financial challenges and undergoing restructuring, the brand continues to serve customers through its franchised and Canadian operations.