At the Fairless Hills Towne Center, the party will soon be over for Party City.
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The party supplies chain will be going out of business in the coming weeks. Barry Litwin, the company’s CEO, informed corporate employees of the impending shutdown on Friday, according to a CNN report.
The Fairless Hills Towne Center location along South Oxford Valley Road in Falls Township was still operational as of Friday night. However, a company source revealed that while the stores will continue to operate into January, they are expected to close down completely by spring.
On social media, Party City employees from around the closure posted that they were blindsided by the news.
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The news of the closure comes without an official statement from Party City as of Friday afternoon.
The company, which known for selling balloons, costumes, and other party goods, has faced stiff competition from online giants like Amazon, Target, Walmart, and seasonal outlets, like Spirit Halloween.
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After declaring bankruptcy in January 2023, the company managed to emerge from bankruptcy later that September.
Bloomberg News reported recently that the company was considering a second bankruptcy filing due to ongoing sales challenges.
New Jersey-based Party City appointed Barry Litwin as CEO in August. The new CEO said he planned to “strengthen our financial performance and build a leading end-to-end celebration experience for consumers.”
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Party City, according to data from summer, has more than 750 company-owned stores and franchise locations.
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