May 10, 2019
31 Views
0 0

Party City to Close More Than 40 Stores – KNSI Radio

By

Jennifer Lewerenz | May 10, 2019 AT 4:27 pm

Click to Enlarge
Photo: Pixabay

(KNSI) – A New York based party supply company says they will close more than 45 locations in the U.S. and Canada this year.In a statement, Party City, which has 870 stores in the U.S. says they are closing 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.” In any given year, between 10 and 15 stores close. This year, 47 will shutter.There is also a helium shortage right now, but the company says they have found an alternative source of helium which will account for 15 percent of their annual need.There are 15 Party City locations in Minnesota, including one in the Rivertown Village in St. Cloud.There is no word on which stores will be chosen.

Posted By Jennifer Lewerenz
News Director
Jennifer is a twin cities native, spending the entire 20 plus years of her radio career in Minnesota. She and her husband enjoy cooking, fishing, laughing, sports and traveling.

Read More

Article Tags:
Article Categories:
News

Share this post on social media

Leave a Comment

Your email address will not be published. Required fields are marked *

%d bloggers like this: