 | |
 A Party City store in Chattanooga, Tennessee | |
| Company type | Private |
|---|---|
| Industry |
|
| Founded | 1986; in East Hanover Township, New Jersey, U.S. |
| Founder | Steve Mandell |
| Defunct | February 28, 2025 (independent/franchise owned stores still open) |
| Fate | Bankruptcy and liquidation |
| Headquarters | Woodcliff Lake, New Jersey (defunct) , United States |
Number of locations | 750+[1] (2015) |
Area served | Worldwide |
Key people | |
| Products | Party supplies, Halloween costumes |
| Brands |
|
| Services | Franchising |
| Revenue |  $2.27 billion[1] (2014) |
| $81.3 million[1] (2014) | |
| $56.1 million[1] (2014) | |
| Total assets | $3.38 billion[1] (2014) |
| Total equity | $487 million[1] (2014) |
Number of employees | 10,000+ (before closure) |
| Parent | Canadian Tire (Canada only; 2019–present) |
| Divisions | Retail Consumer Products Group |
| Website | partycity partycity partycity |
Party City Holdco Inc.[2] is an American chain of party stores founded in 1986 by Steve Mandell in East Hanover, New Jersey. Party City's headquarters are in Woodcliff Lake, New Jersey.[3] Party City is the largest retailer of party goods in Canada, Puerto Rico, and Mexico. Party City operates over 850[4] company-owned and franchise outlets in over 70 countries around the world under the Party City, Halloween City, Toy City, Factory Card and Party Outlet brands.[citation needed] In December 2024, Party City filed for Chapter 11 bankruptcy,[5] laid off all administrative employees,[6] and announced they would liquidate and close most remaining stores in the United States.[7] As of 2025, stores not operated by Party City Holdco, such as those in Canada, Puerto Rico, and Hawaii, were unaffected and continue to operate.
- ^ a b c d e f "FORM S-1/A (Securities Registration Statement)" (PDF). Party City Investor Relations. Party City Holdco Inc. 10 April 2015. pp. 19–20. Retrieved 17 April 2015.
- ^ "Party City Holdings Inc - Company Profile and News". Bloomberg.com. Retrieved 2023-12-29.
- ^ Redmond, Kimberly (2022-10-07). "Party City celebrates opening of new Woodcliff Lake HQ (updated)". NJBIZ. Retrieved 2023-12-29.
- ^ City, Party. "Online Party Store with over 850 Store Locations". Party City. Retrieved 2023-12-29.
- ^ Ma, Dorothy (December 21, 2024). "Party City Files for Bankruptcy a 2nd Time in Retail Déjà Vu". Bloomberg. Retrieved December 21, 2024.
- ^ "Party City files for bankruptcy, a day after announcing mass layoffs at its headquarters - CBS News". www.cbsnews.com. 2024-12-21. Retrieved 2024-12-22.
- ^ Murphy, Aislinn (2024-12-20). "Party City going out of business after 40 years". FOXBusiness. Retrieved 2024-12-20.