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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.

The lights are going out at Party City. The iconic chain ... As Managing Editor at AS USA, uses background in operations and marketing to drive improvements for reader satisfaction.

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 ...

Litwin told corporate employees in a meeting Friday that Party City is "winding down" operations immediately and that today will be their last day of employment, CNN reported Friday. USA TODAY ...

Popular retail chain Party City filed for bankruptcy protection Saturday, a day after it disclosed to employees that it would be implementing mass layoffs at its New Jersey headquarters.