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Stock impact report

Party City To Close All Stores, Including 25 In NJ: Report [Yahoo! Finance]

Walmart Inc. (WMT) 
Last walmart inc. earnings: 2/18 06:00 am Check Earnings Report
US:NYSE Investor Relations: stock.walmart.com/investors/default.aspx
Company Research Source: Yahoo! Finance
in the country, according to CNN reporters who viewed a meeting of the company's corporate employees Friday. CEO Barry Litwin told corporate employees the company is “winding down” operations and Friday was their last day of employment. “That is without question the most difficult message that I've ever had to deliver,” Litwin said at the meeting, which was held on a video conference call. Party City's “very best efforts have not been enough to overcome” its financial challenges, he added, resulting in the company's collapse. Party City has 25 New Jersey locations, including in Bridgewater, Clark, Hazlet, Howell, Jersey City, Paramus, Princeton, Wayne and more. The move was expected. Several news outlets have reported the company was on the verge of collapse and had plans for its second bankruptcy filing in two years. The Woodcliff Lake, New Jersey-based party supply and craft retailer emerged from its first bankruptcy in September 2023 with $800 million in debt on the balan Show less Read more
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