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Party City Is Closing 45 Stores Amid A Global Helium Shortage

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Party City plans to close 45 of its 870 stores in 2019, the company said Thursday. The party supplies company also said it has secured a new source of helium that should help relieve pressure from a global helium shortage that has squeezed balloon sales. Party City made the announcements as it reported first-quarter revenue growth of 1% to $513 million and retail sales growth of 4%.

Added on the 09/05/2019 10:52:34 - Copyright : Wochit

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