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Party City Going Out Of Business, Closing All 800 Stores
The party is over for a popular chain store that's been in business for decades.
Party City is “winding down” operations immediately at its approximately 800 locations, CEO Barry Litwin told corporate employees in a video call on Friday, Dec. 20, CNN reports.
Workers were told they will not receive severance pay, and that their benefits would end as the company goes out of business, CNN says.
The company, headquartered in in Woodcliff Lake, New Jersey, is running low on cash and unable to pay rent in some locations, according to an earlier Bloomberg report.
Party City was foun…
Rotmans Furniture Store, Fixture Of Worcester, Going Out Of Business
Rotmans Furniture, Mattress & Accessory store, the 200,000-square-foot home goods emporium in Worcester that first opened in 1956, is going out of business. The self-proclaimed "largest furniture and flooring store in New England" will have a liquidation sale on Friday, Oct. 14, to sell off the remainder of the store's stock.
“We’ve had the honor of serving countless families in this region for over 60 years," CEO Steve Rotman said in a statement, per CBS News. "I’m proud of earning their loyalty based on providing the best products, service, and value overall, which continues until th…
