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Party City Going Out Of Business, Closing All 800 Stores
The party is over for a popular chain store that's been in business for decades.
Party City is “winding down” operations immediately at its approximately 800 locations, CEO Barry Litwin told corporate employees in a video call on Friday, Dec. 20, CNN reports.
Workers were told they will not receive severance pay, and that their benefits would end as the company goes out of business, CNN says.
The company, headquartered in in Woodcliff Lake, New Jersey, is running low on cash and unable to pay rent in some locations, according to an earlier Bloomberg report.
Party City was foun…
The Struggle Is Real: 44 Percent Of Families Spent All/Most Of Savings Since Covid-19
A new poll of U.S. households with children found that more than 60 percent are facing major financial difficulties since the COVID-19 outbreak.
Released in September, the new study, “The Impact of Coronavirus on Households With Children,” is a research project between NPR, the Robert Wood Johnson Foundation, and the Harvard TH Chan School of Public Health.
The study polled nearly 3,500 adults with children and highlights how households are faring in areas of child care, finances, employment, and health, among others since COVID-19 upturned the national economy.
- 61 percent of households …
Covid-19: Big Y Pricing Freeze Extended For Specific Food Items
Big Y Foods is extending its “pricing freeze” on specific foods - and adding more items to the list - as the fallout from COVID-19 continues to ravage the economy.
There are now 15,000 food items under the Springfield-based Big Y Foods’ price freeze - this is up from 10,000 items when the freeze first went into effect in May.
Food items subject to the price freeze include chicken, butter, grapes, peanut butter, breakfast cereal, cheese, strawberries, yogurt, orange juice, hotdogs, tomatoes, avocados, raspberries, deli salads, and frozen beef patties.
Big Y says it will maintain prici…
Covid-19: Half Of Americans Have Lost Job, Or Work Hours, Due To Pandemic, New Poll Says
Half the country has taken a financial hit due to the novel coronavirus (COVID-19) pandemic, and most don’t believe they’ll be heading back to work soon, according to a newly released Marist College poll.
According to the poll, 50 percent of Americans said they or someone in their household has lost their jobs or hours due to the virus, up from 18 percent from a previous poll just a month ago.
"There are few households in the country that haven't been affected by this crisis, through health, through school, through jobs, from all walks of life, from all backgrounds," Barbara Carvalho, direc…
Covid-19: 49 New Deaths Reported In CT; Some Towns Already Cancel Memorial Day, July 4th Events
There were 49 deaths in Connecticut related to the novel coronavirus in the last 24 hours.
That brings the total number of fatalities during the pandemic to 326 in the state, Gov. Ned Lamont announced Wednesday afternoon, April 8.
There have now been 1,400 hospitalizations, with 110 more since Tuesday, April 7.
Since Friday, March 13, there have been 302,000 unemployment claims submitted. That's two years of normal claim activity, in less than one month.
The Department of Labor has quadrupled the amount of staff processing claims, working overtime and weekends, but the backlog is st…
Covid-19: These Businesses Are Hiring Workers
Although the novel coronavirus outbreak (COVID-19) has forced employees at non-essential businesses to work from home, while thousands of others have been laid off, some companies are padding their workforce and hiring new employees.
Nationwide, many bars, restaurants, and non-essential businesses voluntarily or were ordered to shutter their doors amid fears of the spread of COVID-19, though the grocery store business continues to boom as area residents stock up on items.
According to multiple reports, ShopRite, Price Chopper, Tops, and Stop & Shop are all in the market for thousands of…
Four Fairfield County Residents Test Positive For Covid-19, Including Child, Lamont Says
Four Fairfield County residents have tested positive for the novel strain of the coronavirus, including a child, as well as one person in Litchfield County, Gov. Ned Lamont announced.
The child who tested positive is from Stratford, state officials said during a press conference on Thursday afternoon, March 12. The Stratford School district has closed all of its schools.
In addition to the child, a Stamford woman in her 60s also tested COVID-19 position. She had recently returned from a trip to Italy. The woman is being treated at Stamford Hospital.
In addition, a New York resident, …
