Thursday, May 9, 2019

Party City to close 45 stores; Q1 sales miss

Chain Store Age
Party City’s first-quarter earnings matched the Street even as its sales fell short, impacted by a shortage of helium that deflated balloon sales.

In reporting its results, the party goods retailer also announced it plans to shutter about 45 of its approximately 870 locations in 2019. The closings will occur throughout the year.. . . more