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Party City Going Out Of Business, Closing All 800 Stores, Including 42 In NY
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…
'Not An Easy Decision': Veteran-Owned Restaurant In Capital Region Shutting Its Doors
A struggling, veteran-owned restaurant in the region serving breakfast and lunch is shuttering after just over a year in business.
Rensselaer County eatery Cafe Twelve 04, located in Rensselaer at 1204 Washington Avenue, will serve its last guests on Sunday, Oct. 29, the business announced on Facebook.
“Whelp… Not a post I want to be posting but it’s only right, Sunday will be my last day open at the cafe,” owner Chris Phelan said. “Definitely not an easy decision by any means.”
After launching the restaurant in August 2022, Phelan, a US Army veteran, spent “countless dollars and hours” t…
