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Party City Going Out Of Business, Closing All 800 Stores, Including 11 In Connecticut
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…
