The party is over for a US retailer that for decades bedazzled birthdays, anniversaries, baby showers and weddings. Party City Holdco’s chief executive told corporate employees on Friday that the company is shuttering all stores, according to a report by CNN. The nation’s largest retailer of party supplies has been dogged by lagging sales, putting pressure on the company to pay its rent at some 800 locations. Exterior view of a Party City store on January 18, 2023 in Miami, Florida. (Photo by Joe Raedle/Getty Images)People shop in a Party City store on January 18, 2023 in Miami, Florida. (Photo by Joe Raedle/Getty Images)Items line the shelves in a Party City store on January 18, 2023 in Miami, Florida. (Photo by Joe Raedle/Getty Images)Carts sit in a Party City store on January 18, 2023 in Miami, Florida. (Photo by Joe Raedle/Getty Images)Show Caption1 of 4Exterior view of a Party City store on January 18, 2023 in Miami, Florida. (Photo by Joe Raedle/Getty Images)Expand “That is without question the most difficult message that I’ve ever had to deliver,” Barry Litwin said at the meeting, which was held on a video conference call and viewed by CNN. Corporate employees’ last day is Friday, according to CNN. No severance pay is expected. Related Articles National News | JPMorgan, Wells Fargo, BofA facing federal lawsuit over Zelle payment network fraud National News | What’s next for the man charged with killing UnitedHealthcare’s CEO? National News | Big Lots conducts going-out-of-business sales after sale of company falls through National News | Leap of faith: A few young women in US buck the trends by joining the ranks of Catholic nuns National News | Alabama profits off prisoners safe enough to work at McDonald’s, deems them too dangerous for parole Bloomberg reported earlier this week that the company was planning to file for another round of bankruptcy in the next two weeks. That process likely would have led to a liquidation of its stores. The New Jersey-based company last exited bankruptcy in October 2023. Party City, founded in 1986, is one of several retailers in trouble. The bankrupt retailer Big Lots said earlier this week that it will not complete its asset sale to Nexus Capital Management. The company is launching the sale of its stores in coming days to protect the value of its real estate, Bloomberg reported. The Container Store is preparing to file for bankruptcy in the coming weeks after months of losses.