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Party City names new CEO, president
Nine months after emerging from Chapter 11 bankruptcy, the Woodcliff Lake-based specialty retailer has tapped turnaround expert Barry Litwin as its next leader.
Prepare to scare: Party City starts summer with 2024 Halloween collection launch
Odette Welling, vice president of merchandising for the Woodcliff Lake-based retailer, said that last year enthusiasts traveled "hours to find fan favorite animatronics and ground breakers, and they wished they could have them sooner."
Party City set to unveil new store format in East Hanover
The retailer will show off the redesign during a May 4 grand re-opening celebration.
Party City debuts new store format focused on birthdays, balloons (slideshow)
Abandoning the traditional aisle arrangement has been good for shoppers and sales alike, according to the Woodcliff Lake-based specialty retailer.
Party City’s 2024 celebration forecast: Cinco de Mayo, Friendsmas, elections
A new trend report from the Woodcliff Lake-based business highlights themes and types of parties it expects to be the most popular based on retail data, customer feedback, social media and consumer behavior.
Party City CEO to step down after Chapter 11 exit
Brad Weston said “the timing was right to pass the baton” after the Woodcliff Lake-based firm completed its restructuring process.
Party City prepares to exit Chapter 11 with $1B reduction in debt
The Woodcliff Lake-based celebrations retailer will move forward with a reduced store footprint, strengthened capital structure and improved liquidity.
Party City faces class action lawsuit from shareholders
The litigation comes as the company reportedly adjusts its bankruptcy exit plan after struggling to meet financial projections.
Party City plans to auction 9 more stores under Chapter 11 restructuring
The Woodcliff Lake-based accessories retailer plans to offload the additional leases April 28 as it prepares to go private.
DoorDash, Party City debut retail partnership
The collaboration makes the Woodcliff Lake-based company the first party goods retailer to join the marketplace.
Party City to begin auctioning off store leases (updated)
The Woodcliff Lake-based operator said it is working with A&G Real Estate Partners to offload underperforming locations in several states as part of its Chapter 11 reorganization efforts.
Newly delisted from NYSE, Party City gets OK to access $75M bankruptcy loan
The ruling enables the struggling retailer to continue operating in the near term, including keeping its 800-plus stores open, paying wages and benefits, and “honor[ing] customer programs and policies.”
