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Business Closure

Business
These Party City Stores To Shut Down In Maryland, Virginia Amid Massive Closure These Party City Stores To Shut Down In Maryland, Virginia Amid Massive Closure
These Party City Stores To Shut Down In Maryland, Virginia Amid Massive Closure Dozens of Party City locations in the DMV region are among the hundreds set to be closed as the company announced it is going out of business. Both Maryland and Virginia were hit hard by the reported closure, which will impact approximately 800 stores across the country. Party City was founded in 1986 and is the largest retailer of party goods in North America. In Maryland, there are 19 stores among those set to be shut down in these locations, according to the company's website:  Annapolis; Baltimore; Bel Air; Catonsville; Cockeysville; Columbia; Forestville; Frederick; Gaithersb…

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by Zak Failla
Business
Party City Going Out Of Business, Closing All 800 Stores, Including 19 In MD Party City Going Out Of Business, Closing All 800 Stores, Including 19 In MD
Party City Going Out Of Business, Closing All 800 Stores, Including 19 In MD 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…

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by Joe Lombardi
Business
End Of An Era: Here's When Firehook Bakery Plans To Close Its Doors In The DMV End Of An Era: Here's When Firehook Bakery Plans To Close Its Doors In The DMV
End Of An Era: Here's When Firehook Bakery Plans To Close Its Doors In The DMV Soon to be gone, but not forgotten. Firehook Bakery, a staple for DMV foodies, announced that it will be closing all three of its bakeries in the region effective as of Tuesday, Dec. 24, though their presence in the area will live on through their beloved products. "As a result of the store closings, as of Dec. 24, we will no longer be selling the specialty items offered at the bakeries on-line, but will continue to sell our full range of Mediterranean Baked Crackers," officials at the store said. This is what we really mean when we say we’re running to the store for ‘one last thing.’ …

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by Zak Failla
Business
TGI Friday's Suddenly Closes At Least 12 Restaurants TGI Friday's Suddenly Closes At Least 12 Restaurants
TGI Friday's Suddenly Closes At Least 12 Restaurants Casual dining chain TGI Fridays has closed at least a dozen of its restaurants in the last few weeks. Click here for a new, updated story: TGI Friday's Files For Bankruptcy Weeks After Sudden Closures Of At Least 12 Restaurants According to the company's website and other reports, the following locations are now listed as permanently closed: New York Middletown, 23 Crystal Run Crossing Poughkeepsie, 2594 South Road (Route 9) Clifton Park, 1 Southside Drive  Connecticut Enfield, Freshwater-Stateline Plaza, 130 Elm Street Pennsylvania Allentown,  395 S Ceda…

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by Joe Lombardi
Business
Record Exchange Silver Spring To Shutter Doors For Good Due To 'Financial, Personal Reasons' Record Exchange Silver Spring To Shutter Doors For Good Due To 'Financial, Personal Reasons'
Record Exchange Silver Spring To Shutter Doors For Good Due To 'Financial, Personal Reasons' June 9 will be the day the music died for some in Montgomery County. The Record Exchange, a popular shop on Colesville Road in downtown Silver Spring is set to shutter its doors for good as of Sunday, though the owners have been busy selling out the rest of their stock in recent weeks. "There is no easy way to say this but as of June 9 we will be closing for good," the owners said in a message shared across social media. View this post on Instagram A post shared by Record Exchange Silver Spring (@recordexchangesilverspring) "This was a hard …

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by Zak Failla