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Party City History. Founded in 1986, the New Jersey-based retailer grew to become the largest party supply store in the United States. By 2021, the company employed approximately 6,400 full-time ...
For nearly 40 years, customers flocked to Party City for Halloween costumes, favors for children's birthday parties and decorations for New Year's Eve celebrations. Now, the go-to shop for ...
Party City is closing down ... The company had approximately 6,400 full-time and 10,100 part-time workers as of 2021. ... It also had to contend with rising costs during the pandemic and a helium ...
In 2019 a global shortage of helium sharply reduced supply for helium-filled balloons, due to the US rationing helium because of a reduction in supply by 30% stemming from a Saudi-boycott of producer country Qatar, impacting party stores such as Party City, one of the reasons the company cited in closing 45 of its 870 stores. [6] [7]
Party City to close after 40 years, citing financial woes. Employees blindsided by sudden layoffs, no severance, and February 2025 store closures. Party City is reportedly closing all of its stores
Facade of a Party City store in The Woodlands, Texas. Party City was founded by Steve Mandell in 1986. Mandell recognized that the market for party goods was highly fragmented with a lot of small mom-and-pop operations and noticed that a large number of retailers carried limited supplies.
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New Jersey-based Party City is going out of business after the retailer filed for Chapter 11 bankruptcy. The filing was done early Saturday in the U.S. Bankruptcy Court for the Southern District ...
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