This is the retailer’s second bankruptcy in less than two years. It will offer “going out of business” sales as stores close.

Party City is going out of business and closing all of its stores. Party City has been in business for close to 40 years ...

After 40 years in business, Party City is closing down for good. According to CNN, CEO Barry Litwin first shared the news ...

Party City informed employees in an email on Friday that it was conducting an immediate "mass layoff" at its headquarters.

The retailer known for themed party decor, birthday balloons and Halloween costumes is reportedly “winding down” immediately.

Party supply retailer Party City is closing down all of its stores. The company has more than 20 locations in the Chicago ...

Party City, known for its party supplies and seasonal Halloween City popup stores, has filed for bankruptcy and is going out ...

Party City did not respond to CNN’s request for comment. The New Jersey-based company faced inflationary pressures on product costs, which reduced consumer spending, according to CEO Barry Litwin.

(CNN) — Party City filed for bankruptcy Saturday for the second time in less than two years. The filing comes after the retailer told employees Friday it would begin “winding down” operations.