PRTY Stock Recent News

For generations of crafters, one beloved fabric store was more than just a place to shop — it was a creative depot. When the company shuttered its final locations last month, loyal customers mourned the end of an era. But its story may not be over. A new acquisition by a major crafts retailer hints at the possibility of a revival — or at least, a reimagining. Michaels, the national arts and crafts chain, has acquired the intellectual property of JOANN, the company announced Thursday. Joann filed for bankruptcy earlier this year and closed its remaining 444 stores in May. "We're honored to have the opportunity to welcome JOANN customers into our creative community and are committed to delivering the selection, value, and inspiration they are looking for at Michaels," said David Boone, Chief Executive Officer at Michaels. The move could allow Michaels to tap JOANN's once-loyal customer base and expand its reach among sewing and fabric enthusiasts. Michaels says it plans to expand its

Bed Bath & Beyond and some Party City customers are facing deadlines for when stores will be closed for good. All Bed Bath & Beyond stores will be shuttered by the end of June.

Bankrupt party supply retailer Party City is closing more stores as it prepares to go private. The company last week shuttered nine stores in five different states and will auction the locations off later this week, according to A&G Real Estate Partners, its real estate advisor.

Short-squeezes have been making headlines in stock trading as an increasingly popular phenomenon. A short squeeze occurs when investors who have bet against a company's stock (by “shorting” it) are forced to buy back their shares to cut their losses.

The founder of Party City blamed the retailer's collapse into bankruptcy on mismanagement by private equity firms -- claiming that they jacked up prices — despite the company's roots as a discounter.

Party City has filed for bankruptcy. We look at how the struggling retailer got to this point and the company's future.

New Jersey-headquartered party supplies retailer Party City (NYSE: PRTY ) has been in the headlines lately but not for reasons that investors would want to celebrate. It looks like PRTY stock is getting delisted and Party City is engaged in bankruptcy proceedings.

More than 800 company-owned and franchise stores throughout North America will remain open, and customers can still shop on the company website.

Party City (NYSE: PRTY ) stock has halted trading after the company filed for Chapter 11 bankruptcy protection. The New York Stock Exchange halted trading of PRTY stock early this morning ahead of the bankruptcy news.

Yahoo Finance Live's Brad Smith reports that Party City has filed for Chapter 11 bankruptcy.