Friday, December 20, 2024

Party's Over At Party City!

No more parties. To paraphrase Coi Leray, the party is over at the nation's largest party supply and toy company.

The biggest threats to America.

  • Donald J. Trump
  • Republicans 
  • Joe Biden 
  • Israel
  • Russia
  • White supremacy 
  • Christian nationalism
  • Jewish nationalism
  • Police immunity 
  • Democrats
  • Private equity firms
  • Uneducated people 
  • Status quo
  • Fox 
  • Elon Musk
  • Gun violence
  • Greed
  • Jeff Bezos
  • Benjamin Netanyahu 
  • Catholics
  • Artificial Intelligence 
  • Sexually transmitted diseases 
  • Billionaires
If this list offends you, good. Because I am no longer shielding the obvious. These individuals and entities are furthering America's decline. These entities pose a clear and present danger to people of color, the needy and working class.

Damn shame we voted for the chaotic status quo of a Trump presidency.

This is the results of a Biden presidency. Once Trump gets back in, it only gets worse.

Party City, the nation's retailer for party supplies and toys is the next company to fall because of private equity, President Joe Biden and President-elect Donald J. Trump. The company is based out of East Hanover Township, New Jersey.

Party City Holdco Inc, commonly referred to as Party City is an American chain of party stores founded in 1986 by Steve Mandell in East Hanover, New Jersey. The company's headquarters were in Woodcliff Lake, New Jersey. The company is the largest retailer of party goods in the United States, Canada, and Mexico. The company operates over 850 company-owned and franchise outlets in over 70 countries around the world under the Party City, Halloween City, Toy City, Factory Card and Party Outlet brands.

In December 2024, Party City announced they would be closing down operations in the United States. Canadian stores remain unaffected.

The retailer's CEO told Barry Litwin told employees that Party City is going out of business as it's immediately “winding down” operations and that today will be their last day of employment, CNN reports.

The company will be shutting down all of its stores, ending nearly 40 years of business. Despite exiting bankruptcy in September 2023, Party City's “very best efforts have not been enough to overcome,” Litwin said during the call, and that the closure process happens immediately.

Party City’s “very best efforts have not been enough to overcome” its financial challenges, he added, resulting in the company’s collapse. Litwin said the company struggled to contend with inflation, which sent the company’s costs higher and dragged down consumer spending.

“It’s really important for you to know that we’ve done everything possible that we could to try to avoid this outcome,” Litwin said. “Unfortunately, it’s necessary to commence a winddown process immediately.”

Also on Friday, some of Party City’s store employees received letters that the company would close down stores on February 28, at which point store staff would be terminated.

No comments:

LinkWithin

Related Posts with Thumbnails