How Apollo-owned Michaels turned two rivals' bankruptcies into a growth strategy The arts and crafts retailer leaning on party supplies and fabric to end years of stagnation. Fortune · Jul 17
Michaels moves into party supply sphere and opens DIY bars to customize your big bash Michaels has also cut in-store birthday parties to $149, including setup and cleanup The Independent UK · May 21
Dracula's castle has a new owner, and he comes from the United States Joel Weinshanker, a businessman behind Graceland and Party City, has acquired a majority stake in Bran Castle's operations. This Romanian fortress, known as Dracula's castle, attracts over a million visitors annually. Weinshanker plans to leverage his experience to significantly increase tourism from the US and Western Europe, transforming the site… The Economic Times · May 14
Party City announces major US comeback following two bankruptcies IN FULL The Independent UK · Apr 23
Party City back in the USA: Iconic retailer is making a comeback after closing all 700 of its stores Party City began shutting down in December 2024, after another bankruptcy, with corporate layoffs happening immediately and most stores closing by February 2025 The Independent UK · Apr 22
Dollar Tree could soon be taking over 150 shuttered Party City locations Five Below, Barnes & Noble Booksellers, and La-Z-Boy also looking to move into some empty Party City spaces The Independent UK · Feb 13, 2025
Party City to close its stores as company files for bankruptcy Party City announced that it's going to “wind down” its retail and wholesale operations as it prepares to shutter nearly 700 stores nationwide The Independent UK · Dec 22, 2024
The party's over: Party City is closing The party supply chain is closing its stores in February, according to a report Salon · Dec 20, 2024
Party Over: Party City Will Shut Down All Stores Immediately After Shock Announcement Party City's CEO announced the chain will be closing all of its store immediately in a shocking announcement on Friday. International Business Times · Dec 20, 2024
No Severance or Benefits for Sacked Party City Workers as Company Shuts Down After 40 Years Party City has announced its closure after nearly 40 years, leaving workers without severance pay or benefits as the company winds down operations. International Business Times UK · Dec 20, 2024
Party’s over: Popular chain is closing after 40 years and shuttering stores across the US Party City employs more than 16,000 people across the country The Independent UK · Dec 20, 2024
Party City shutters after nearly 40 years, firing workers without severance pay Company went into bankruptcy in January 2023 under $1.7bn in debt, but remaining $800m too much to overcome The Guardian - US · Dec 20, 2024
Party City Will Shut Down All Stores Immediately, CEO Declares in Shock Announcement Party City's CEO announced the chain will be closing all of its store immediately in a shocking announcement on Friday. Latin Times · Dec 20, 2024
Bellwether Michigan county in the spotlight as parties angle for votes - Roll Call In Michigan's Saginaw Township, Lillian Bandy is the kind of voter both parties would love to have in their corner. And they each still might. Roll Call · Nov 1, 2024
The Guardian - US · Sep 17, 2023 Yes, bankruptcies are on the rise in the US – but there’s no need to panic It should come as no surprise that commercial bankruptcy filings are up but the bigger picture tells a different story
StockNews.com · Jun 12, 2023 Buy or Sell: Uber Technologies (UBER) While ride and food service company Uber Technologies (UBER) has delivered steady returns, it faces a barrage of headwinds. So, let us explore if the stock is a buy or hold this month.
The Independent UK · Apr 1, 2023 Lanterns and crescents: more retailers court Ramadan buyers For this year’s Muslim holy month of Ramadan, Target rolled out its first dedicated Ramadan and Eid, or feast, collection, including decorations
StockNews.com · Jan 17, 2023 3 Stocks to Sell Ahead of a Potential Recession in 2023 Fears of an impending recession have been a drag on the stock market for quite a while now. As the Fed continues to stay hawkish, a global recession seems imminent. Hence, fundamentally weak stocks Verve Therapeutics (VERV), Bed Bath & Beyond (BBBY), and Party City Holdco (PRTY) might be best…
Axios · May 26, 2022 Helium shortage hits graduation and birthday parties Balloons could be harder to find thanks to a global helium shortage.
Benzinga · May 9, 2022 Why Party City Holdco Shares Are Trading Lower Today Party City Holdco Inc (NYSE:PRTY) reported first-quarter FY22 sales growth of 1.4% year-on-year to $432.98 million, missing the consensus of $435.80 million. Brand comparable sales increased 2.1% versus last year. Total retail sales increased 2.3%. The gross profit margin decreased 380 basis points Y/Y to 31.9%. The operating loss for the quarter was…
Benzinga · Apr 12, 2022 Here's Why Party City Shares Are Moving Shares of retail and apparel companies, including Party City Holdco Inc (NYSE: PRTY), are trading higher amid overall market strength as investors react to March inflation data.
Benzinga · Feb 28, 2022 Party City Registers 7.7% Sales Growth In Q4; Provides Upbeat FY22 Outlook Party City Holdco Inc (NYSE:PRTY) reported fourth-quarter FY21 sales growth of 7.7% year-on-year, to $698.31 million, beating the consensus of $697.25 million. Comparable sales increased 17.8% versus last year, driven by strength in core categories. Total retail sales increased 12.6%. The gross profit margin increased 480 basis points Y/Y to 30.8%. The operating…