Party City will auction leases for three Capital Region stores after filing for bankruptcy and announcing closures.

Party City announced that it's going to “wind down” its retail and wholesale operations as it prepares to shutter nearly 700 stores nationwide.

If you are looking for holiday decorations, get them at Party City because the company is offering discounts on all its items as part of its recent Chapter 11 bankruptcy filing. Party City, which emerged from a previous bankruptcy last year,

A high-impact winter storm is expected to affect the region from Saturday night through Monday morning, bringing all winter weather types, including heavy snow, significant freezing rain, and sleet, with widespread 6+ inch snowfall totals expected.

Party City is putting its nearly 700 locations up for auction – including dozens of stores in New York and New Jersey. The auction announcement comes weeks after the New Jersey-based company said it would “wind down” operations and permanently close all its stores after nearly 40 years in business.