Party City Files for Bankruptcy After Lockdown Woes

A shopper leaves a Party City store in Vernon Hills, Ill., on Oct. 15, 2020. Nam Y. Huh/AP Photo

Party City Holdco. Inc. filed for Chapter 11 bankruptcy protection on Tuesday, citing COVID headwinds.

Dwindling sales during the COVID-19 lockdowns, difficulties in maintaining inventory, shortages of helium, and stores closing down could be among factors leading to the filing.