PARTY City has announced that nine more stores will close at the end of June, after the company filed for bankruptcy earlier this year.
In January, the discount party store declared Chapter 11 bankruptcy in an effort to restructure and reduce its debts.
This resulted in the closure of 22 stores in February while A&G Real Estate Partners put 33 Party City stores up for auction.
The most recent locations with leases coming to an end are in six states as nine buildings will be available.
When stores are put up for auction, this gives other businesses the chance to buy out the lease at much lower prices.
Once the contract is up, the business of course will need to make a new lease with the building owner for the remainder of their time.
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The nine locations set to close according to the press release are:
The U.S. Sun reached out to each location and confirmed that most of the stores will close by June 26 or earlier depending on if the merchandise sells out before that date.
Additionally, an employee at the Lancaster, Ohio location told The U.S. Sun that his store had no reports of closing.
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Regardless, all bids are due Monday as the auction is set for this Friday.
MORE ON PARTY CITY
When Party City filed for Chapter 11, it had over 800 company-owned and franchised stores.
The company now has 770 company-owned locations and 53 franchised locations, according to regulatory filings.
Just note that the franchised locations aren't considered part of the bankruptcy proceedings.
While each of the nine stores will offer its own sales, most will be starting at 10 percent off and will increase with each week until all merchandise is gone, store employees told The U.S. Sun.
One customer took to Twitter and wrote: "Party city has been around for years and the fact it’s closing Lowkey makes me sad lol. 60 percent off everything!"
The full list of closed locations:
Georgia
- Rome: 2702 Martha Berry Rd.
- Cartersville: Cartersville Crossing, 451 E Main St.
Iowa
- Waterloo: Crossroads Commons Shopping Center, 1415 Flammang Dr.
Illinois
- Bradley: Bradley Commons, 2060 N State Rte. 50
Louisiana
- Slidell: Stirling Slidell Shopping Center, 61119 Airport Rd.
Michigan
- Holland: Felch Street Shopping Center, 3050 Beeline Rd., Ste. 20
- Fort Gratiot: 4047 24th Ave.
- Benton Harbor: Fairplain Plaza, 1040 Fairplain Dr.
- Jackson: Jackson Crossing, 1510 N West Ave.
Missouri
- St. Joseph: East Hills Shopping Center, 3702 Frederick Ave., Ste. L12
- Belton: Belton Gateway, 541 East Markey Pkwy.
New Jersey
- West Paterson: Mcbride Lenox Plaza Shopping Center, 1756 Route 46
New York
- New York: 223 W 34th St.
- New York: 301 W 125th St.
- Bronx: Broadway Plaza, 171 W 230th St.
- Buffalo: Boulevard Consumer Square, 4090 Maple Rd.
- Irondequoit: Culver Ridge Plaza, 2255 E Ridge Rd.
Oklahoma
- Lawton: Cache Road Square, 3801 NW Cache Rd., 19B
Oregon
- Corvallis: Circle 9 Shopping Center, 944 NW Circle Blvd.
Texas
- Corpus Christi: Five Points Shopping Center, 4101 Hwy. 77, Ste. K2
West Virginia
- Beckley: Raleigh Mall, 4283 Robert C. Byrd Dr.
- Martinsburg: Martinsburg Mall, 800 Foxcroft Ave.
Read More on The US Sun
Four stores in Michigan are in the process of major liquidation sales.
Plus, another legendary retailer is having sales of up to 80 percent off.
