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The popular party supplies retailer announced on Friday, Dec. 20 that is closing all stores after 38 years in business ...

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Party supply retailer Party City is closing down all of its stores. The company has more than 20 locations in the Chicago area.

Update: Party City is keeping its stores open for a limited time while it holds a going out of business sale. You can find more details here. The party is over for another New Jersey-based retailer.