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.

On the heels of Big Lots’ announcement that it’s going out of business, Party City said it’s taking the same path, liquidating assets and closing all store

There are nearly 50 Party City stores in New York, including locations in Manhattan, Staten Island, the Bronx and Brooklyn. There are an additional 26 Party City stores in New Jersey, including ones in Jersey City and Princeton. Party City did not immediately respond to requests for comment from Gothamist.

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.