Published on 18 Jan 2023 on Reuters via Yahoo Finance
(Adds shares, details; Changes dateline)
Jan 18 (Reuters) - Party City Holdco Inc filed for Chapter 11 bankruptcy protection on Tuesday, making it the latest casualty in the U.S. retail industry as persistently high inflation takes a toll on consumer spending.
Troubled retailers often seek bankruptcy protection following the holiday season to take advantage of the cash cushion provided by recent sales.