Party City announces store-wide sales with all stores closing NBC Los Angeles [Video]

A day after multiple outlets reported that party supplies store Party City would be closing all locations and begin winding down operations “immediately,” the chain announced store-wide sales on all products.

Party City’s website reflected news of the closures Saturday morning, acknowledging sales of up to 50% off with the chain’s entire inventory on sale.

The closures mark the end of the retailers’ nearly four decades in business.

CNN reported Party City CEO Barry Litwin told corporate employees during a meeting Friday that the company is “winding down” operations, adding that their last day of employment would be Dec. 20.

“It’s really important for you to know that we’ve done everything possible that we could to try to avoid this outcome,” Litwin said during the meeting, according to CNN’s reporting cited by multiple outlets. “Unfortunately, it’s necessary to commence a winddown process immediately.”

An employee at a Chicago-area location in the northern suburbs confirmed the closure, with a last day planned for …