Party City will be auctioning off the leases for all of its 695 stores in the US ahead of the retail company’s nationwide closure. In late December, the party store mainstay announced that it would be shuttering its doors after 40 years in the states due to high inflation that it couldn’t keep up with that drove customers elsewhere.

STATEN ISLAND, N.Y. -- Party City is putting all 695 of its recently shuttered locations up for auction – including dozens of stores in New York and New Jersey.

Fox owns the PartyWorks store on Caldwell Avenue in Visalia, as well as one in Clovis and two in Fresno, at River Park and on West Shaw. He considers the Party Works bankruptcy as “only to the better because we'll have less competition in our area.”

Party City Holdco Inc. announced on Dec. 21 that it will shut down operations and close its roughly 700 stores nationwide after nearly 40 years in business.

As closures begin, the 695 Party City leases across the United States are heading to auction through A&G Real Estate Partners.