Party City is cutting prices on thousands of its products ahead of the holiday season. The party supplies retailer, which exited Chapter 11 bankruptcy late last year, has announced new, lower prices on more than 2,000 popular party supplies and basics. In recent months, Party City reduced everyday prices on more than 1,500 items, and last week added over 500 more to the savings list. The price cuts result in an average savings of approximately 20% across impacted items.