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A Major National Retailer With 850 Stores Is Considering Bankruptcy, Raising Fears Of Mass Closures

Summary by WhatsNew2Day
A major party and craft retailer with 850 stores nationwide is considering filing for bankruptcy. Party City faced the possibility of mass closures just over a year after the company emerged from Chapter 11 bankruptcy. The party store, known for selling balloons and party essentials, is currently behind on rent at some locations, people close to the business said. Bloomberg. The store’s latest struggles have been caused by its ongoing financi…
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