Party City shuts down stores, partly blames helium shortages

Party City shuts down stores, partly blames helium shortages

Amid a global helium shortage, Party City announced Thursday it will shutter 45 stores in 2019.

The New Jersey-based party supplies company did not release a list of affected stores but said the closures will take place throughout the year.

There are 870 Party City stores in the U.S. and Canada and the closures represent about 5% of locations. Local news outlets have so far reported closings in California, Illinois, Connecticut and Washington.

Party City CEO James Harrison said in a statement Thursday the company typically closes 10 to 15 stores each year.

“This year, after careful consideration and evaluation of our store fleet, we’ve made the decision to close more stores than usual in order to help optimize our market-level performance, focus on the most profitable locations and improve the overall health of our store portfolio,” Harrison said.

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  1. Rebecca

    Helium is a scarce resource, and mylar balloons are an abomination that never biodegrades.

    It's criminally insane that we have normalized the use of these things for trivial bullshit like parties. Balloons are a waste of money and a sledgehammer on the environment.

  2. Thatone Dude

    I have no sympathy for big companies that prefer to spread out and have locations everywhere, instead of concentrating on just a handful of locations. When they have frown so big and can't handle the growth, I just have to laugh. All of that money wasted on "growing", instead of investing in what they already had. Next step, complete closure.

  3. John Meinken

    Helium cannot be created, and it's unimaginable that we'd ever be able to collect it back out of the atmosphere. It has a wide variety of important applications in medicine and science. I hope the price stays high to discourage people from wasting it.

  4. Mr. Egg

    Party City, 5 Below, Home Goods, Ross, Dollar General, Dollar Tree, TJ Maxx, oh and Meijers all millennial retail stores.

    One of a kind stores always fail. Party City has things for one time deals only. With rising costs, people don't have time to party anymore. They are working 2-3 part time jobs and have kids with 3-4 different chads. Traffic at Party city is always slow, never see anyone going in there, maybe once in a blue moon. Yeah, prices are too high I agree. There are other party stores with better pricing and they are usually owned by mom and pops.

  5. M18 Hellcat

    I call BS!! If this company hinges on balloons, then FIRE the overpaid DO NOTHING CEO!!! Helium shortage my ass "they" are calling "SHORTAGE" to raise the prices and party city is saying helium is the reason to close stores!!! GREED IS THE REASON FOR ALL OF THIS!!! We are not as dumb as "they" are!!!!

  6. Samantha Stanley' Collazo

    For the record I work at Party City, those balloons are display balloons. Hospitals use helium and they use helium for other things as well it's hard when it's not replenishing fast enough an everyone uses it. Those display balloons are inflated with air or nitrogen oxide. The helium shortage doesn't just affect Party City, it affects everyone who does balloons

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