| Market Capitalization (Millions $) |
- |
| Shares
Outstanding (Millions) |
114 |
| Employees |
14,500 |
| Revenues (TTM) (Millions $) |
2,002 |
| Net Income (TTM) (Millions $) |
-833 |
| Cash Flow (TTM) (Millions $) |
80 |
| Capital Exp. (TTM) (Millions $) |
41 |
Business Description
Party City Holdco Inc is a leading retailer of party supplies and costumes in North America. The company operates over 900 stores across the United States, Canada, and Mexico, as well as its online store. Party City was founded in 1986 in East Hanover, New Jersey, by Steve Mandell and is headquartered in Rockaway Township, New Jersey.
The company offers a wide range of products including balloons, party favors, costumes, tableware, decorations, and more. The company's revenue is primarily generated through the sale of these products. The company's target audience is people looking to host different types of events such as birthday parties, baby showers, weddings, and other special occasions.
To ensure that customer satisfaction is achieved, Party City prides itself on offering a unique, high quality and fun shopping experience. The company offers in-store services such as balloon displays, custom invitations, and party planning consultations. In addition, the company frequently collaborates with popular brands such as Marvel, Disney, and Nickelodeon to create licensed products featuring beloved characters.
Party City's operations also include manufacturing facilities that produce balloons, costumes, and other merchandise. The company has a team of experienced designers who are constantly developing new and innovative party supplies that keep up with industry trends and customer preferences.
In recent years, Party City has expanded its operations through strategic acquisitions. In 2014, the company acquired Party America, a party retail chain with 190 stores across the Western United States. In 2019, Party City acquired Shindigz, an online retailer of party supplies and decorations, which significantly expanded the company's online presence.
The company has faced challenges in recent years due to declining sales and a shift towards e-commerce shopping. However, Party City has been making efforts to adapt to this changing landscape by increasing its online sales and investing in new technologies that enhance the customer experience.
Overall, Party City is a leading retail brand known for its extensive selection of party supplies and costumes, unique in-store services, and commitment to customer satisfaction. As the company continues to adapt and grow, it aims to become the go-to destination for all party and celebration needs.
Company Address: 100 Tice Blvd. Woodcliff Lake 7677 NJ
Company Phone Number: 453-8601 Stock Exchange / Ticker: PRTY
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%
2.46%