Your closed Party City may soon turn into one of these familiar stores
Share and Follow


(NEXSTAR) – What used to be your local Party City store may soon be selling books, recliner chairs, cowboy boots or discount merchandise.

The party supply chain announced in December it would be going out of business “immediately” and shuttering all locations. The company had previously filed for bankruptcy, but was still struggling with slow sales and financial issues.

We’re now getting a glimpse at what might become of the hundreds of shuttered Party City stores around the country. The locations’ leases were auctioned off on Friday and the names of the top bidders were released in a Texas court filing.

The most common top bidder was Dollar Tree, which entered the winning bid for nearly 150 former Party City locations.

Dollar Tree, which also owns the discount chain Family Dollar, has aggressive plans to expand, the Wall Street Journal reported last fall. Last year the company also bought 170 leases from fellow dollar store chain 99 Cents Only, which went bankrupt.

Nexstar reached out to Dollar Tree for comment on the auction and what they plan to do with the leases, if approved, but didn’t hear back by publication time.

Dollar Tree isn’t the only familiar discount retailer making a play for the Party City locations. Five Below, which largely sells products under $5, was the winning bidder for more than 40 leases.

Other brands making a play for some of the empty stores include Barnes & Noble, Books-A-Million, Burlington Coat Factory, Rack Room Shoes, furniture company La-Z-Boy, and Western wear brand Cavender’s.

A hearing to approve the transfer of leases as a result of the auction is scheduled to take place at the end of the month in a Houston court.

Share and Follow
You May Also Like

32 Palestinians Killed While Approaching Food Distribution Centers in Gaza, According to Local Authorities

DEIR AL BALAH, Gaza Strip (AP) — Israeli troops opened fire Saturday…

Man Accused of Shooting at Occupied Car in Augusta Arrested

AUGUSTA, Ga. () – The Richmond County Sheriff’s Office has arrested a…

Late-night hosts rally around Stephen Colbert following show cancellation news

Stephen Colbert received messages of support and affection from his fellow late-night…

Hartley House honored with unveiling of Florida Heritage Site marker

PALM HARBOR, Fla. (WFLA) — The Hartley House, a designated historical landmark…

Bristol, Va. Resident Sentenced to 8 Years for Methamphetamine Conviction

BRISTOL, Va. (WJHL) — A Bristol, Virginia man who was convicted of…

National Comedy Center’s Memory Cafes Spark Joy and Connection for Dementia Patients

JAMESTOWN, N.Y. – Side by side on a sofa inside the National…

Chemical Spill Including Sulfur Detected Following Train Derailment in Wabash County

WABASH COUNTY, Ill. (WEHT) — A train derailment has been reported in…

Woman Arrested as Homicide Investigation Begins Following Infant’s Drowning in Chicago Lake

CHICAGO (WGN) — A woman is in custody on Saturday morning and…