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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]
Lisa Higgins, owner of West Michigan Balloons, relates decoration trends in her industry and how the pandemic affected party orders.
The extremely high cost of helium (compared to hydrogen) has led researchers to re-investigate the safety issues of using hydrogen as a lift gas, especially for vehicles not carrying passengers and being deployed away from populated areas. With good engineering and good handling practices, the risks can be significantly reduced.
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.
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 ...
The skies over New Mexico are be filled with balloons as the area kickstarts celebrations for the Albuquerque International Balloon Fiesta. Other events across the week will include a gas balloon ...
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