- Party City
is closing 45 of its 870 stores this year, the company said on
Thursday. The company typically closes 10 to 15 stores annually.
-
Party City also said it has secured a new source of helium that should
help relieve pressure from a global helium shortage.
- Closing stores include locations in California, Illinois, Connecticut, and Washington.
Party City plans to close 45 of its 870 stores in 2019, the company said on Thursday.
The party-supplies company also said it has secured a new source of helium that should help relieve pressure from a global helium shortage that has squeezed balloon sales. The store closures are unrelated to the helium shortage, the company said.
"We believe this new source should substantially eliminate the shortfall we are experiencing at current allocation rates and improve our ability to return to a normal level of latex and metallic balloon sales," Party City CEO James Harrison said in a press release.
RSK: Oh no....is nothing sacred? Guess we will have to bring more beverages to the party and no funny voices either.
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- - Volume: 7 - WEEK: 20 Date: 5/14/2019 8:52:06 AM -