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.

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.

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 ...

The party is over for a US retailer that for decades bedazzled birthdays, anniversaries, baby showers and weddings. Party City Holdco’s chief executive told corporate employees on Friday that ...

Lenny was hosting Nylon magazine’s Art Basel party, presented by e.l.f. Cosmetics, at his Star Island estate, and did not let the packed crowd of partygoers intrude on his own good time.

After nearly four decades of supplying celebrations, the confetti has finally settled for Party City. The company announced this week that it will box up its stores for good, according to CNN.