The company will put its assets up for bidding or, if there's no sale, "initiate store closing sales to liquidate all of the Party City Group Companies’ retail and wholesale inv

Party City will be auctioning off the leases for all of its 695 stores in the US ahead of the retail company’s nationwide closure. In late December, the party store mainstay announced that it would be shuttering its doors after 40 years in the states due to high inflation that it couldn’t keep up with that drove customers elsewhere.

After longtime party supplies store Party City announced last month that all stores would close as the retailer goes out of business, sales on each store's entire inventory are underway ahead of store closures.

STATEN ISLAND, N.Y. -- Party City is putting all 695 of its recently shuttered locations up for auction – including dozens of stores in New York and New Jersey.

Kohl's is closing 27 underperforming stores around the U.S. as ailing big-box retailers continue shrinking their footprint.

Retail giants Kohl's and Macy's will close 27 and 66 underperforming stores across the U.S. in 2025, respectively.