According to reports, The Party City stores in Rome and Cartersville will soon be closing following their announcement of bankruptcy.
Party City Holdco Inc. filed voluntary Chapter 11 petitions for relief in the U.S. Bankruptcy Court on Jan. 17, 2023, in order to implement the company’s pre-negotiated restructuring.
“Like other retailers, we regularly review our Party City store footprint to ensure that we are best positioned for the future,” a company spokesman said. “Based on a comprehensive analysis of our lease portfolio recently performed and ongoing negotiations with our landlords, we are closing a select number of stores that have been identified as underperforming and continue to evaluate our store base on a location-by-location basis — even as we open new stores that align with our go-forward strategy. We are seeking to provide affected employees with opportunities at other locations where possible.”
No closing date has been announced for either location.
