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The Latest Breaking News from Party City

Bellwether Michigan county in the spotlight as parties angle for votes - Roll Call

In Michigan's Saginaw Township, Lillian Bandy is the kind of voter both parties would love to have in their corner. And they each still might.

Roll Call

Another major retail chain may soon file Chapter 11 bankruptcy

A major discount home goods retailer is planning to file Chapter 11 bankruptcy, people with knowledge of the situation say.

The Street

Consumer favorite retailer files Chapter 11 bankruptcy

A major provider of party supplies has filed for Chapter 11 bankruptcy seeking to sell its assets.

The Street

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In a year when many companies have moved from Chapter 11 reorganization to Chapter 7 liquidation, one company has averted that fate.

The Street

You may not know the company by name, but you know its products which are sold by Amazon, Walmart, and many other major retailers.

The Street

Women's clothing retailer Soft Surroundings files bankruptcy, closes stores

The filing was not expected and the well-loved brand will close all its stores and sell its digital assets.

The Street

Yes, bankruptcies are on the rise in the US – but there’s no need to panic

It should come as no surprise that commercial bankruptcy filings are up but the bigger picture tells a different story

The Guardian - US

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Party City survives bankruptcy, but some locations will close

The retailer has avoided the fate of Bed Bath & Beyond, Christmas Tree Shops, and several other retailers.

The Street

Birchbox makes improbable comeback from bankruptcy

Many thought this company was gone for good, but it's back in full operations

The Street

Bankrupt retailer Party City has a new survival plan

Chapter 11 can quickly become Chapter 7 but some chains have managed to avoid that fate even when the situation appears bleak.

The Street

Buy or Sell: Uber Technologies (UBER)

While ride and food service company Uber Technologies (UBER) has delivered steady returns, it faces a barrage of headwinds. So, let us explore if the stock is a buy or hold this month.

StockNews.com

How Another Retail Giant Escaped Bankruptcy

The big box event-themed retailer is shuttering shops at a rapid clip.

The Street

Companies Are Dropping Like Flies (And 10 Are Most At Risk Now)

Bankruptcy is a real and rising risk again — retraining investors to look for warning signs a company is about to collapse. Failing to spot a bankruptcy can be catastrophic.

Investors Business Daily

Lanterns and crescents: more retailers court Ramadan buyers

For this year’s Muslim holy month of Ramadan, Target rolled out its first dedicated Ramadan and Eid, or feast, collection, including decorations

The Independent UK

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The Street

Bed Bath & Beyond Closes an Entire Chain as Bankruptcy Looms

The troubled retailer has taken another major step to try to stave off closure.

The Street

Party City Restructures Debt in Chapter 11 Protection

Competition and high inflation rates led to the bankruptcy filing of Party City.

StockNews.com

3 Stocks to Sell Ahead of a Potential Recession in 2023

Fears of an impending recession have been a drag on the stock market for quite a while now. As the Fed continues to stay hawkish, a global recession seems imminent. Hence, fundamentally weak stocks Verve Therapeutics (VERV), Bed Bath & Beyond (BBBY), and Party City Holdco (PRTY) might be best…

The Street

Major Retailer Appears Headed For Bankruptcy

The beloved chain blames high inflation and struggling sales for its recent dismal performance.

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The Street

Party City Gets a Key Warning From the SEC

The retailer, which also operates seasonal Halloween stores, may not make it to next Halloween.

Axios

Helium shortage hits graduation and birthday parties

Balloons could be harder to find thanks to a global helium shortage.

Benzinga

Why Party City Holdco Shares Are Trading Lower Today

Party City Holdco Inc (NYSE:PRTY) reported first-quarter FY22 sales growth of 1.4% year-on-year to $432.98 million, missing the consensus of $435.80 million. Brand comparable sales increased 2.1% versus last year. Total retail sales increased 2.3%. The gross profit margin decreased 380 basis points Y/Y to 31.9%. The operating loss for the quarter was…

Benzinga

Here's Why Party City Shares Are Moving

Shares of retail and apparel companies, including Party City Holdco Inc (NYSE: PRTY), are trading higher amid overall market strength as investors react to March inflation data.

Benzinga

Party City Registers 7.7% Sales Growth In Q4; Provides Upbeat FY22 Outlook

Party City Holdco Inc (NYSE:PRTY) reported fourth-quarter FY21 sales growth of 7.7% year-on-year, to $698.31 million, beating the consensus of $697.25 million. Comparable sales increased 17.8% versus last year, driven by strength in core categories. Total retail sales increased 12.6%. The gross profit margin increased 480 basis points Y/Y to 30.8%. The operating…

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