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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 is closing 45 of its 870 stores this year, the company said Thursday. The company typically closes 10 to 15 stores annually. Party City is closing 45 stores amid a global helium ...
Now, the go-to shop for everything from cartoon-themed balloons to Super Bowl decor is closing stores. Party City announced Saturday that it would start a “wind down” of its retail and ...
Many small- and midsized retailers aren't investing in tech and store improvements, and customers are voting with their feet. From billions to bankruptcy: How the party died for Party City, and ...
By the end of 1990, Party City outlets numbered 11; five more franchised stores were added in 1991, 16 in 1992, and another 26 in 1993, bringing the total to 58. Party City was now a nationwide chain with store locations ranging from Hawaii to Puerto Rico. Party City's annual revenues in 1993 topped $2.4 million and net profits approached $235,000.
On January 18, 2023, Party City filed for Chapter 11 bankruptcy, [235] and a month afterward, announced the closure of 22 stores. An additional 9 stores were added to the closing list in April as well as 4 more locations in May. [236] In September 2023, Party City exited bankruptcy with a billion reduced in debt. [237]
Editor's note: Some Party City locations have since announced plans to stay open. Read more here. New Jersey-based Party City is going out of business after the retailer filed for Chapter 11 ...
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
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