Party City ends nearly 40 years of fun

Every party ends the same way: unassumingly, a little later than you thought it would and yet simultaneously all of a sudden. In a video conference call, Party City CEO Barry Litwin told corporate employees that Friday would be their last day of employment. A Party City employee who wished to remain anonymous told CNN that management had previously expressed optimism about the company’s business. Like other retailers that have closed in recent months, Party City faced rising costs due to inflation and competition from e-commerce sites like Amazon and Walmart. “It’s really important for you to know that we’ve done everything possible that we could to try to avoid this outcome,” Litwin said during Party City’s last meeting.