Party City closes 45 US stores, including Central NY, as part of Chapter 11 bankruptcy to reduce $1B debt.

Party City will close 45 stores across the U.S., including one in Central New York, as part of its Chapter 11 bankruptcy reorganization aimed at reducing $1 billion in debt. The specific closure date for the Central New York location is not yet announced, leaving one remaining store in Onondaga County, while a New Hartford location will continue to operate. The company has faced challenges, including a global helium shortage, though this has not been cited as a cause for the closures.