Party City is closing down all of ... to contend with rising costs during the pandemic and a helium shortage, which hurt its crucial balloon business.The chain joins a growing list of retailer ...
Party City announced Saturday that it would ... That pressure has intensified in an era of rising prices, including for helium used in party balloons, and slowing consumer demand.
Party City announced Saturday that it would start a “wind down” of its retail and wholesale operations as it prepares to shutter nearly 700 stores nationwide.
Additionally, a helium shortage – the backbone of its balloon business – deflated one of Party City’s key revenue streams. The covid-19 pandemic years exacerbated these challenges.
The party is over for Party City as the retail giant ... The company was also hurt by the pandemic when a helium shortage reportedly crippled its lucrative balloon business during a time that ...