Party CityPhoto byAdobe Stock

Author’s Note

This article is based on corporate postings and accredited media reports. Linked information within this article is attributed to the following outlets: The-Sun.com, WALB.com and ScrapeHero.com.

Introduction

A longstanding Party City location is permanently closing in Albany, Georgia, reportedly stoking new bankruptcy fears following last year's Chapter 11 exit and multiple national store closures.

Firstly, per ScrapeHero.com's most recently updated company store location count: There are 758 Party City stores in the United States as of March 27, 2024. The state and territory with the most number of Party City locations in the US is California, with 90 stores, which is about 12% of all Party City stores in the US.

Let us explore.

Party City, 2024

According to an August 1st report from The-Sun.com, the store is selling off the entirety of its remaining inventory at 30% off.

As excerpted from the report, as it regards the closing location: This news comes after the chain reached an agreement to exit its Chapter 11 bankruptcy proceeding last year. This was after a judge approved the brand's debt management plan that included the shuttering of 39 stores.

The address of the closing location is 2709 Dawson Rd, Albany, GA 31707, per WALB.com.

Conclusion

This is a developing story. In the event of pertinent updates, I will share them here on NewsBreak.

Thank you for reading.