Well known retail chain Party City is going out of business.
The largest party supply chain in the country is set to close down all of its stores after nearly 40 years in business.
In a call Friday morning, the company’s CEO told corporate employees that operations are “winding down” immediately and that today will be their last day of employment.
Party City has struggled in the face of growing competition from Amazon, Walmart and Costco, as well as and pop-up concepts like Spirit Halloween.