Close Menu
NERDBOT
    Facebook X (Twitter) Instagram YouTube
    Subscribe
    NERDBOT
    • News
      • Reviews
    • Movies & TV
    • Comics
    • Gaming
    • Collectibles
    • Science & Tech
    • Culture
    • Nerd Voices
    • About Us
      • Join the Team at Nerdbot
    NERDBOT
    Home»News»Party City has Officially Filed For Bankruptcy
    Photo by Raysonho [https://commons.wikimedia.org/wiki/File:PartyCityMarkham.jpg]
    News

    Party City has Officially Filed For Bankruptcy

    Carling McGuireBy Carling McGuireJanuary 19, 20232 Mins Read
    Share
    Facebook Twitter Pinterest Reddit WhatsApp Email

    The world of retail stores hasn’t been the same since the pandemic. The continued rise and fall of Covid cases causing lockdowns and shipping delays hasn’t helped. More holidays and events are shopped for online than ever before. And some retailers have upped their inventory for the convenience of ordering ahead. One of the bigger names losing out is Party City, which has filed for bankruptcy.

    The event supplier has suffered hard over these past three years. And, as it stands, they just can’t keep up any longer. Between supply chain delays and rising prices, the retailer also suffered heavily from a helium shortage that stalled their one of their biggest products: balloons. A “focal point of our growth strategy and are a key driver of our differentiated brand experience,” the company says.

    Party City‘s long-tried to keep up with the competition posed by other holiday retailers like Spirit Halloween and Target. Prior to the pandemic, they held their own. But retail strategies aren’t the same as before, and aren’t likely to return to their former ways. And Party City has been bleeding profits since 2017. This past December, they were in significant danger of being taken off the lists of the New York Stock Exchange due to stock falling under an average $1 a share for 30 trading days.

    Party City’s financial troubles may be the start of a domino effect for retail establishments. Bed, Bath, & Beyond made a bleak announcement as well, claiming they weren’t altogether sure if the store would survive. The pandemic has caused economic upheavals that we’re still yet to see the full results of.

    Do You Want to Know More?

    Share. Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Email
    Previous ArticleAn Important Message About Banned Books from Stephen King
    Next Article Alec Baldwin Faces 2 Counts of Involuntary Manslaughter
    Carling McGuire

    Related Posts

    Gamification of Entertainment: How are new Technologies changing Indoor Game Activities?

    July 10, 2025

    Black Sabbath, Ozzy Osbourne Farewell Concert Raises $190 Million

    July 9, 2025

    Body Found in Pasadena, CA Goodwill Donation Bin

    July 8, 2025

    Convicted Felon Billy McFarland Lists Fyre Fest for Sale on eBay

    July 8, 2025

    James Gunn’s “Superman” Brings Updated Meaning to the Man of Steel [Spoiler-Free Review]

    July 8, 2025

    The F11PRO 2 Drone – Pro-Level Performance Meets Sleek Design

    July 3, 2025
    • Latest
    • News
    • Movies
    • TV
    • Reviews

    Understanding Human Behavior: How AI Analyzes and Predicts Decision-Making

    July 10, 2025

    Benefits of Leveraging Pharmacokinetics Services

    July 10, 2025

    Best 3-Point and PTO Stump Grinders for Tractors (2025 Buyer’s Guide)

    July 10, 2025

    Best Site to Play Cash Poker Games: GGPoker or Bodog? (2025 Comparison)

    July 10, 2025

    Gamification of Entertainment: How are new Technologies changing Indoor Game Activities?

    July 10, 2025

    Black Sabbath, Ozzy Osbourne Farewell Concert Raises $190 Million

    July 9, 2025

    Body Found in Pasadena, CA Goodwill Donation Bin

    July 8, 2025

    Convicted Felon Billy McFarland Lists Fyre Fest for Sale on eBay

    July 8, 2025

    First Trailer for Millennium’s “Red Sonja” Hits

    July 10, 2025

    Cameras Are Rolling on “Dune Part 3”

    July 8, 2025

    James Gunn’s “Superman” Brings Updated Meaning to the Man of Steel [Spoiler-Free Review]

    July 8, 2025

    Jon M. Chu to Direct Live-Action “Hot Wheels” Movie

    July 7, 2025

    “Outlander” Prequel Series “Blood of My Blood” Gets Trailer

    July 10, 2025

    Netflix “Monster” Season 4 May Focus on Lizzie Borden

    July 8, 2025

    CD Projekt Red Confirm “Cyberpunk: Edgerunners 2” with Teaser

    July 5, 2025

    “South Park” Creators Call Paramount-Skydance Merger ‘S***show’

    July 4, 2025

    James Gunn’s “Superman” Brings Updated Meaning to the Man of Steel [Spoiler-Free Review]

    July 8, 2025

    The F11PRO 2 Drone – Pro-Level Performance Meets Sleek Design

    July 3, 2025
    "M3GAN," 2025

    “M3GAN 2.0” A Sequel That Forgets to Have Fun [Review]

    June 29, 2025

    “F1: The Movie” Thrilling Cars, Crash and Burn Story [Review]

    June 28, 2025
    Check Out Our Latest
      • Product Reviews
      • Reviews
      • SDCC 2021
      • SDCC 2022
    Related Posts

    None found

    NERDBOT
    Facebook X (Twitter) Instagram YouTube
    Nerdbot is owned and operated by Nerds! If you have an idea for a story or a cool project send us a holler on [email protected]

    Type above and press Enter to search. Press Esc to cancel.