Party City will soon be no more. The iconic party store’s CEO announced Friday it was going out of business and is closing ...

Party City's CEO announced at a meeting Friday it is shutting down all stores, a day after Big Lots announced closing sales.

Party City employees were informed they’d be cut loose without severance pay or benefits just days before Christmas.

The chain was able to avoid liquidation and shave off $1 billion in debt by closing 60 locations across several states, ...