North America's largest party goods retailer to shut down all stores
LOS ANGELES, Dec. 20 (Xinhua) -- Party City, the largest retailer of party goods in North America, will shut down all of its stores, ending nearly 40 years in business, U.S. media reported on Friday.
Barry Litwin, the chief executive officer of Party City, told corporate employees Friday in a meeting viewed by CNN that the company is "winding down" operations immediately and that Friday will be their last day of