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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 ...
Party City, once among the top names in party-supply retailers, is going out of business, according to an announcement from CEO Barry Litwin that was viewed by CNN.
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's headquarters are in Woodcliff Lake, New Jersey. [3] Party City is the largest retailer of party goods in Canada, Puerto Rico, and Mexico. Party City operates over 850 [4] company-owned and franchise outlets in over 70 countries around the world under the Party City, Halloween City, Toy City, Factory Card and Party Outlet brands.
In mid-1982, Walters and his then-girlfriend, Carol Van Deusen, purchased 45 eight-foot (2.4 m) weather balloons from a military surplus store [5] and helium tanks from California Toy Time Balloons. They used a forged requisition from his employer, FilmFair Studios , saying the balloons were for a television commercial.
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