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LOS ANGELES (AP) — For nearly 40 years, customers flocked to Party City for Halloween costumes, favors for children's birthday parties and decorations for New Year's Eve celebrations.
The company, which sells balloons, Halloween costumes and other party goods, has stumbled in the face of growing competition from e-commerce sites and pop-up concepts like Spirit Halloween.
One quarter ($560 million) of the company's 2015 revenue came from Halloween; the company operates about 300 Halloween City pop-up stores. [9] Party City started franchising stores in 1989, with the first franchise store located in Hazlet, New Jersey. [10] By 1990, Mandell also owned four Party City stores.
Party City first filed for Chapter 11 bankruptcy in January 2023, wiping out nearly $1 billion in debt in an effort to stay afloat. By August, Barry Litwin stepped in as CEO to steer the company ...
You can party all night long while sporting this eye-catching, colorful costume that’s inspired by everyone’s favorite candy-spewing party prop. $10.00 at halloweencostumes.com Cruel Seas ...