Major national retailer with 850 stores mulls bankruptcy - prompting fears of mass closures
A major party and craft retailer with 850 stores across the nation is considering filing for bankruptcy. Party City has been faced with the possibility of mass closures just a little over a year after the company surfaced from Chapter 11 bankruptcy. The celebration retailer, known for selling balloons and essential party supplies, is currently behind on rent at some of its locations, people close to the matter told Bloomberg.
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