Party City is winding down its era with a “Everything Must Go” sale that will continue until all inventory is cleared out.

Party City recently sent out an email announcing the massive markdowns at brick-and-mortar locations, after the struggling retailer shut down its online store, reports NJ.com.

Party City is shuttering all its stores, ending a nearly 40-year run in business.

“That is without question the most difficult message that I’ve ever had to deliver,” Litwin reportedly said during a December conference call to employees, adding that Party City’s “very best efforts have not been enough to overcome” its financial challenges.

READ MORE: Party City is going out of business, closing all stores

What will replace Party City locations?

A number of Party City locations were auctioned off in February. Nextar reports, the most common top bidder was Dollar Tree, which entered the winning bid for nearly 150 former Party City locations.