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Party City Holdco Inc. (PRTY) is the preeminent party goods company in North America by revenue and is also recognized as the largest vertically integrated supplier of decorated party goods worldwide. Party City serves as a one-stop shopping destination for a diverse range of party supplies, including balloons, costumes, and various other celebration essentials.
The company operates a comprehensive business structure that includes designing, manufacturing, sourcing, and distributing party goods. Their product line features paper and plastic tableware, metallic and latex balloons, Halloween and other costumes, accessories, novelties, gifts, and stationery. Party City's operations span over 70 countries, with a significant retail presence in North America, including approximately 830 specialty retail stores under the names Party City and Halloween City, complemented by robust e-commerce operations primarily through PartyCity.com.
Recently, Party City announced several grand re-openings of their stores with innovative new formats aimed at enhancing the customer experience. Key highlights of these re-openings include:
- West Hills, CA: A celebration on April 6, 2024, featuring interactive party planning demonstrations and exclusive in-store offers.
- East Hanover, NJ: A grand re-opening event on May 4, 2024, with showcases of creating candy buffets and balloon columns.
- Metairie, LA: Another grand re-opening on May 4, 2024, similar to East Hanover's event with additional family-friendly activities.
The company's new store formats feature unique elements like dedicated 'birthday worlds' for children's and general celebrations, making it easier for customers to find everything they need in one convenient location. These changes reflect Party City's commitment to providing a superior shopping experience and maintaining its status as a leader in the celebrations industry.
Financially, Party City continues to leverage its vertically integrated model to optimize costs and expand its market reach. The company's wholesale and manufacturing arm, Amscan, plays a pivotal role in its operational success, offering an extensive range of celebratory products.
For more information, visit PartyCity.com and follow Party City on Instagram and TikTok.
Party City has unveiled its predictions for the hottest Halloween costume trends of 2024, with only 24 days left until the spooky holiday. CEO Barry Litwin highlights a significant increase in interest for Mommy & Me Look-a-Like costumes this year. The company's extensive assortment, including DIY elements and accessories, allows customers to create various looks or adapt to last-minute trends.
Top costume trends for 2024 include:
- Kids & Families: Disney's Descendants, Minions, Deadpool, Wolverine, Beetlejuice, Ghostbusters
- Adults: Western Wild meets Disco Fever, Angel/Devil, Wednesday & Addams Family, Vintage Circus, Good Witch/Bad Witch
- Nostalgia Vibes: Roaring '20s, Retro Hippie, Simple 80s & 90s, Classic Horror Characters
- Mommy & Me Look-A-Like: Lilo & Stitch, Fairytale Witches, Strawberry Shortcake, Wizard of Oz, Superhero's Alike
- DIY Looks: Glam Skeleton, Zombie Cheerleader, Trending Popstars, Viral TikTok Moments of 2024
Party City, a global leader in the party goods industry, is hosting a grand re-opening event at their East Hanover, NJ store on May 4th, 2024. The celebration will feature family-friendly activities, in-store discounts, and interactive demonstrations. The new store format includes innovative designs like 'birthday worlds' for a unique shopping experience.
Party City, a global leader in the party goods industry, is hosting a grand re-opening event at their Metairie, LA store on May 4, 2024. The event will feature family-friendly activities, exclusive offers, innovative store design, and more.
Party City Holdco Inc. (NYSE: PRTY) announced a pre-negotiated restructuring agreement supported by over 70% of its senior secured noteholders to significantly reduce debt and improve liquidity. The company filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Southern District of Texas, while its international subsidiaries and franchise stores remain operational. The restructuring includes a $150 million financing commitment to support ongoing operations during this process. Party City aims to enhance its market leadership in the celebrations industry, with a focus on innovation and customer experience.
Party City Holdco Inc. (PRTY) was notified by the NYSE on December 15, 2022, about its non-compliance with listing criteria, specifically the requirement for a minimum average closing share price of $1.00 over a 30-day trading period. The company has six months to regain compliance, during which it will continue to trade under the symbol 'PRTY' with a '.BC' designation indicating below compliance. This notification does not affect the company's operations or reporting requirements.
Party City Holdco Inc. (PRTY) announced its third-quarter results for 2022, revealing total net sales of $502.2 million, a 1.6% decrease versus the prior year. Comparable sales fell 3.2% versus last year but showed an 11.2% increase compared to 2019. The company experienced a GAAP net loss of $373 million, which included a significant goodwill impairment. Despite inflationary pressures affecting customer demand, sales for Halloween were up year-over-year. Looking ahead, Party City is targeting $30 million in savings through cost-cutting measures including a 19% workforce reduction.
Party City Holdco Inc. (NYSE:PRTY) announced it will release its third quarter 2022 financial results on November 8, 2022, before market opening. A conference call is scheduled for 8:30 a.m. Eastern Time on the same day to discuss these results in detail.
Investors can join the call by dialing 844-200-6205 with access code 525476. An online audio webcast will also be available on the company's investor website.
Party City Holdco Inc. (NYSE:PRTY) will release its second quarter 2022 financial results on August 8, 2022, before market open. A conference call discussing these results is scheduled for 8:30 a.m. ET on the same day. Interested parties can join the call by dialing 844-200-6205 or 929-526-1599 for international calls. The company operates in over 100 countries, providing party goods through more than 800 stores in North America.
Party City Holdco Inc. (NYSE: PRTY) will participate in a fireside chat at the Oppenheimer 22nd Annual Consumer Growth and E-Commerce Conference on June 15, 2022, at 2:15 p.m. ET. A live webcast will be accessible on the company's investor relations website, with an online replay available post-event. PRTY is a global leader in the celebrations industry, operating over 800 retail locations across North America and offering party goods globally through its various business divisions, including retail and consumer products.
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