In an internal letter, the company said inflation and changes in consumer spending had forced it to shut its more than 700 stores.

Fox owns the PartyWorks store on Caldwell Avenue in Visalia, as well as one in Clovis and two in Fresno, at River Park and on West Shaw. He considers the Party Works bankruptcy as “only to the better because we'll have less competition in our area.”

Leases for four Party City stores in Central Ohio will hit the auction block after the New Jersey retailer announced plans to close all of its stores after 40 years in business.

Party City is officially shutting down operations, with corporate staff employment ending immediately and store closures planned for early next year, according to an announcement from CEO Barry Litwin.

Party City will auction leases for three Capital Region stores after filing for bankruptcy and announcing closures.

Leases for Baltimore-area Party City stores will go to auction next month as the troubled, 40-year-old retailer shuts down.

The party supplies company announced Saturday it would shutter about 700 stores nationwide and file for Chapter 11 bankruptcy protection.

A high-impact winter storm is expected to affect the region from Saturday night through Monday morning, bringing all winter weather types, including heavy snow, significant freezing rain, and sleet, with widespread 6+ inch snowfall totals expected.

Party City is putting its nearly 700 locations up for auction – including dozens of stores in New York and New Jersey. The auction announcement comes weeks after the New Jersey-based company said it would “wind down” operations and permanently close all its stores after nearly 40 years in business.