With Party City in its final days of operations, discount retail chains Dollar Tree and Five Below are looking to take over some locations.
The retailer successfully bid on 148 of the bankrupt company’s leases, alongside Five Below, Barnes & Noble and others.
Discount chain Dollar Tree, which already picked up some closed 99 Cents Only Stores, and value retailer Five Below are leading the bids for hundreds of Party City stores closed amid bankruptcy. But the Solano County store is still seeking a buyer.
An affiliate of Ad Populum is buying the party retailer's IP, but Dollar Tree and Five Below emerged as top bidders for the company's store leases.
Dollar Tree has acquired Party City's leases in East Hartford, Fairfield and Simsbury, while Five Below has acquired Party City's lease in Hamden.
The party supply store auctioned off 250 locations this month as part of its ongoing bankruptcy process.
Dozens of Party City leases were bought out by Dollar Tree and Five Below, but more than 400 locations were left without a single bid.
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 ...
Dollar Tree could soon be taking over 150 shuttered Party City locations - Five Below, Barnes & Noble Booksellers, and La-Z-Boy also looking to move into some empty Party City spaces
With Party City in its final days of operations, discount retail chains Dollar Tree and Five Below are looking to take over some locations.
Joann is slated to close around 500 locations in 2025, and other retail chains are shutting down stores for a variety of reasons.
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 ...