US: Why Party City is going out of business after nearly 40 years

Tribune Online
US: Why Party City is going out of business after nearly 40 years

Party City, the largest party supply store in the United States, is shutting down all its locations, a move driven by rising inflation, crippling debt, and fierce competition. The company, which had been in operation for nearly four decades, announced its immediate winddown on Friday, with CEO Barry Litwin…