Champagne sales are tanking, Party City is bankrupt and some guests cower with their phones in the corners — if they show up ...

Party City is winding down its era with a “Everything Must Go” sale that will continue until all inventory is cleared out.

All right. It's time to sweep up the confetti, turn off the lights because Party City, the retail chain that dressed much of America in scary masks and dramatic capes, is closing as soon as this week.

The party is coming to an end at Party City. The retailer, which emerged from a previous bankruptcy last year, has again filed for Chapter 11 bankruptcy. The New Jersey-based company filed early ...