Party City is closing down all of its stores, ending nearly 40 years in business, CNN has learned. CEO Barry Litwin told corporate employees Friday in a meeting viewed by CNN that Party City is “winding down” operations immediately and that today will be their last day of employment.

Party poopers, it’s your time. Party City, the largest retailer of party goods in North America, is “winding down” operations immediately, according to CNN. CEO Barry Litwin delivered the news to corporate employees on a conference call Friday,

The one-stop shop for party essentials is shutting down stores across the U.S., including these in North Carolina.