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The party wasn't all it was cracked up to be.

Party City, the retailer that since the mid-80s has provided millions of children with loose-fitting Halloween costumes and left beleaguered parents standing in long lines for Cookie Monster-shaped balloons, announced it will file for Chapter 11 bankruptcy. It's not exactly party times for big chains in 2023, as the pending demise of Bed Bath & Beyond also makes abundantly clear.

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Source Fool.com