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This Party Supply Chain Is Going Out of Business and Closing All Stores

By Abby Reinhard of Best Life | Slide 2 of 5: Brick-and-mortar businesses close every day. During the COVID-19 pandemic, it was devastating to watch so many small businesses close up shop for good. We've since returned to a semblance of normalcy, but we're not completely out of the woods, and store closures continue to make headlines.Big-name brands have been forced to close locations, including Bed Bath & Beyond, which announced plans in August to close 150 "lower-producing" stores, and CVS, which is shuttering 900 locations over the next three years. Grocery stores aren't safe either, as Kroger, Lidl, and Whole Foods have also shut down locations this summer.These chains are still staying afloat, though, unlike Olympia Sports. In July, the retailer confirmed it's going out of business and will close all of its stores by the end of September. Now, another chain has been forced to call it quits.

Store closures have affected every sector of the economy.

Brick-and-mortar businesses close every day. During the COVID-19 pandemic, it was devastating to watch so many small businesses close up shop for good. We've since returned to a semblance of normalcy, but we're not completely out of the woods, and store closures continue to make headlines.

Big-name brands have been forced to close locations, including Bed Bath & Beyond, which announced plans in August to close 150 "lower-producing" stores, and CVS, which is shuttering 900 locations over the next three years. Grocery stores aren't safe either, as Kroger, Lidl, and Whole Foods have also shut down locations this summer.

These chains are still staying afloat, though, unlike Olympia Sports. In July, the retailer confirmed it's going out of business and will close all of its stores by the end of September. Now, another chain has been forced to call it quits.

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