Party City has faced growing competition from powerhouse retailers such as Walmart and Target, and increasingly occasion-based pop-up stores such as Spirit Halloween for years.

Party City, once a go-to stop for Halloween costumes and celebration essentials, is planning to close all its stores after nearly 40 years in business. In a meeting with corporate employees Friday ...

SELYUKH: That’s Steve Mandell who, in 1986, launched Party City with a single store in New Jersey. MANDELL: I never, never expected Halloween to be anything like it. SELYUKH: And his original idea was ...

Party City, a longtime retailer and go-to source for many of party supplies, is closing all its stores and going out of business, ... Halloween was known to be the retailer's most-important season.