The end of an era is near for Party City, the once-iconic retailer synonymous with balloons, costumes, and party supplies. After more than 40 years in business, the New Jersey-based company is auctioning off several store leases across Florida as part of its wind-down process, including several locations in the Orlando area.
From Bankruptcy to Closure
Party City’s financial struggles have been well-documented over recent years. After filing for bankruptcy in On December 21, 2024 and completing a reorganization that wiped out nearly $1 billion in debt, the retailer sought to stabilize operations. The company even brought on Barry Litwin as its president and CEO in 2024 in hopes of steering the brand toward recovery.…