Party City says it is closing 45 stores

Business
Party City_1557505913126.jpg.jpg

(NBC News) – Holiday enthusiasts are feeling a little deflated after Party City announced its plans to close dozens of stores across the country.

The party supplies company says it’ll be closing 45 stores throughout the year because of a global helium shortage.

The CEO said in a statement Thursday that the company typically closes ten to fifteen stores a year. This time, though they’ll close a *higher* number to focus on locations that make more money.

Party City said it has secured a new source of helium that should help relieve the pressure.

Party City has locations in Shreveport and Texarkana, but a full list of closing stores has not yet been released.

Copyright 2019 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

More Check This Out

Trending Stories

Loving Living Local 600x600

Don't Miss