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The Latest Breaking News from Party City

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

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

Party City announces major US comeback following two bankruptcies

IN FULL

The Independent UK

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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

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

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

The party's over: Party City is closing

The party supply chain is closing its stores in February, according to a report

Salon

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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

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

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

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

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

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

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

The Guardian - US

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StockNews.com

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

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

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

Helium shortage hits graduation and birthday parties

Balloons could be harder to find thanks to a global helium shortage.

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Benzinga

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

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

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…

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