Party City, the popular retailer for party supplies and seasonal decorations, has filed for Chapter 11 bankruptcy. The filing comes just a day after the company announced mass layoffs, signaling ongoing financial struggles. The move marks a significant chapter in the company’s efforts to address mounting debt and declining sales amid a challenging retail landscape. Party City filed for bankruptcy in the U.S. Bankruptcy Court for the Southern District of Texas. The filing revealed that...

Party City, a well-known retailer for party supplies and decorations, has announced plans to close several of its stores nationwide, including 25 locations in New Jersey. The decision is part of the company's ongoing restructuring efforts following its bankruptcy filing earlier this year. Impact on New Jersey Residents The closures will affect customers who have relied on Party City for everything from birthday decorations to holiday party essentials. While the company has not yet released...