Editor's note: Some Party City locations have since announced plans to stay open. Read more here. New Jersey-based Party City is going out of business after the retailer filed for Chapter 11 ...

In December, the sad news broke that Party City will be closing all stores. At first, it appeared that the party retailer would shut down immediately, as corporate staff got laid off at the end of ...

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 ...

Party City, the retail chain that dressed America in scary masks and dramatic capes, is closing hundreds of stores as soon as this week. All right. It's time to sweep up the confetti, turn off the ...

Between the vampire teeth, the giant balloons, the streamers and the glittery napkins, one store laid claim to celebrations across America - Party City. Well, that juggernaut is now bankrupt, turning ...

Faris Tanyos is a news editor for CBSNews.com, where he writes and edits stories and tracks breaking news. He previously worked as a digital news producer at several local news stations up and down ...

Months after Party City’s decision to shutter all its stores and end a 40-year run in business, a new iteration of the popular party supply store could reemerge. A banner on the Party City website ...