New York -- 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 ...

After acquiring Party City for a reported $20 million earlier this year as part of a bankruptcy auction, the specialty retailer’s new owners are focused on making it “easier, faster and more fun than ...

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What came first: America's obsession with Halloween or Party City? Steve Mandell launched Party City in 1986 as a single store in New Jersey. He sold cups, napkins and other supplies for birthday and ...

The party’s over for Party City. The New Jersey-based retailer, which had more than 850 locations globally as of August this year, will shutter all its stores after running out of money to stay in ...