Loading...
Market
What will be the primary reason cited for Party City's closure in future reports by the end of 2025?
1
Resolution / Starting Odds
High debt levels • 25%
Competition • 25%
Poor management • 25%
Other • 25%
Industry analysis reports, news articles, or official statements
Story
Party City Closes Over 800 Stores Immediately, Affecting 16,300 Employees
Dec 20, 2024, 06:18 PM
Party City, which operates over 800 stores nationwide, is closing all of its locations and winding down operations immediately. CEO Barry Litwin announced on Friday that today would be the last day of employment for corporate staff. The decision impacts over 16,300 employees nationwide. Despite exiting bankruptcy in September, the retailer still faces $800 million in debt.
View original story
Similar markets
High debt levels • 25%
Market competition • 25%
Poor management decisions • 25%
Other • 25%
COVID-19 pandemic impact • 25%
Increased competition • 25%
Management issues • 25%
Other reasons • 25%
Amazon • 25%
Walmart • 25%
Target • 25%
Other • 25%
Poor management • 25%
Market competition • 25%
Economic downturn • 25%
Other • 25%
Spirit Halloween • 25%
Dollar Tree • 25%
Five Below • 25%
Other • 25%
Sluggish consumer spending • 25%
Low drug reimbursement rates • 25%
Operational inefficiencies • 25%
Other • 25%
Yes • 50%
No • 50%
Northeast • 25%
Midwest • 25%
South • 25%
West • 25%
Retail • 25%
Hospitality • 25%
E-commerce • 25%
Other • 25%