Party City, the popular party supply store, announced its closure on Friday just days before Christmas, leaving thousands of employees without jobs and customers wondering how to celebrate without their favorite destinations for birthday parties, New Year’s Eve bashes, and Super Bowl gatherings. The company cited “inflationary pressures on costs and consumer spending” as the reason for its decision.
Source: https://www.nytimes.com/2024/12/21/business/party-city-closing.html