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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 Holdco Inc, [2] commonly referred to as Party City, is a soon-to-be defunct American chain of party stores founded in 1986 by Steve Mandell in East Hanover, New Jersey. The company's headquarters are in Woodcliff Lake, New Jersey. [3] The company is the largest retailer of party goods in Canada, Puerto Rico, and Mexico.
Party City The four-decade-old retailer filed for bankruptcy in December, marking its second time in less than two years. As a result, Party City will close its roughly 700 locations early next year.
Do not use metallic ribbon with helium-filled balloons; Although the law was put into effect in 1990, the issue of foil balloons being a hazard resurfaced in 2008. A senate bill was proposed to ban the sale of all foil balloons by the year 2010 due to the increased number of power outages. [citation needed] The bill was California Senate Bill 1499.
Data provided by PNM shows the utility counted 28 outages caused by Mylar balloons in 2023 — more than 46 cumulative hours without power for some customers — compared with 18 outages in 2022.
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