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Facade of a Party City store in The Woodlands, Texas. Party City was founded by Steve Mandell in 1986. Mandell recognized that the market for party goods was highly fragmented with a lot of small mom-and-pop operations and noticed that a large number of retailers carried limited supplies.
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]
(WJET/WFXP) — Party City is reportedly considering a second bankruptcy filing in two years, and this time a sale may also be under consideration. According to the Bloomberg report, which cited ...
Party America is a chain of stores that sell supplies for parties such as balloons, party favors, cards, seasonal items (e.g. fog machines for Halloween). [1]There are 144 total Party America stores (not counting Paper Warehouse, the party store chain Party America owns) and they are located in 46 states (counting Paper Warehouse stores).
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