Party City’s Bankruptcy: What Do Balloon Sales Have to Do With It? | WSJ What Went Wrong

[@SOURAVEMEL]

In my opinion they kept making these gigantic stores that nobody needed

[@Nainara32]

I never understood how the business model worked to begin with. How is there such demand for costumes and balloons that can support a big-box retailer store footprint?

[@rg8282]

For those interested search up and read culture investors who take companies and so goal is to bankrupt them while enriching themselves

[@frang340]

I stopped going to Party City a couple about 3 years ago when I found out that you can get a lot of stuff from Dollar tree including helium balloons for $1 compared to $6+ at Party City

[@pyimoethan1]

I agree. They are expensive compare to other stores.

[@07_.jorges]

Anagram international is so expensive! Pretty much people pay alot from that company

[@mathrocks7591]

I blame equity firms. They always destroy things. 4:41

[@gimmick206]

No, they make valuation more reasonable. It's hard but it's how efficient market work. Capitalism at it's core.

[@StirFryChicken]

Who’s here in 2024 where a few days ago Party City and Big Lots are closing all stores?

[@inversetv6643]

They underestimated their supply chain risk.

[@bitshtannicajohnson6957]

4:41 *Shoutout to the Blue Brothers holding it down outside one of the stores*

[@matayahill3608]

Their prices is the reason! Everything there can be found elsewhere for MUCH cheaper!! Dollar store Walmart…Amazon. If I want to put together a small kids party…it’ll cost $150 vs $30

[@jorgipogi]

Must fire that CEO. All he does is fly private and have the board in his pocket.

[@jon6309]

Interesting, I remember seeing this stock for a $1 last year and metrics during that time said undervalued but I didn’t like that their operating income and cash flow were negative so I knew it was a huge risk. Now it’s trading at cents and metrics changed it to overvalued.

[@RZetlin]

I guess the party is over.

[@SorminaESar]

Thanks so much WSJ to share it🙏

[@MichelleBeahm]

and its over

[@xX_HaRdBaLLz_Xx]

What went wrong? They had Balloons that’s what. It’s 2023 common they should know the rules. 🎈💥

[@weird-guy]

Never understand the business model in the current world, they rely on festivities ( carnival,Halloween,Easter) and must stuff you can find in supermarket or Chinese stores.

[@mind-of-neo]

The only problem with large specialty retail stores like Party City is an extreme proclivity for overpricing their items. We NEED specialty retailers that aren't overpriced!

[@mohammedmudassirshaikh557]

I for one like Party City - they had lot of niche stuff that is hard to find anywhere else. I do think prices could be little more competitive. I also think they should specialize in party stuff/decor only. They tend to over-stock themed stuff during holidays which all other retailers also have and is not the best use of their store imo.

[@KouJunk]

Lol, about time they go bankrupt. Who shops there anyways? Last time I set foot in party city was 1999

[@markhaneklau5021]

Was that the last time you spelled ‘anyway’ correctly?

[@docsays]

- that was a good year

[@gimcrack555]

Party like it's 1999. I see what you did here.

[@danh5637]

i’m surprised they didn’t stockpile helium when they knew it was surging

[@jorgipogi]

Bad management.

[@Bekssss]

Aging country with very low birth rate because you need 4 jobs if you want to have kids ..... what party you talking about)

[@ryanclegg2721]

The Canadian operations of Party City were bought before the pandemic by Canadian Tire. The chain operates standalone stores as well as store in store concepts inside most Canadian Tire stores across the country. Would have been interesting to hear this side of the story as it's helping Party City standalone stores as they can now carry more merchandise typically found inside Canadian Tire, and the Canadian Tire stores with a party city store inside them are finding new consumers thanks to the expanding selection of goods

[@davidngan3391]

I'm so happy i sold all my share at 1.35$

[@LuisMendoza-pp9qi]

Why didn't we MEME STOCK this?!?!

[@beingimmersed]

the pun in every other sentence is distracting me

[@JenPurple2022]

Pandemic, smaller gatherings Helium shortage Sales down Lack of CASH

[@auro1986]

wrong is to shoot balloons with missiles meant for high flying and fast aircrafts

[@shwnshts9469]

THE ONE COMPANY THAT COULDA HAD THE MOST TRANSFORMATIVE PIVOT OUT OF THE PANDEMIC COMPLETELY MISSED THE BOAT, THE SIGNS TO THE HARBOR AND JUST KEEP DRIVING ITSELF OFF THE DEEP END. 🎉

[@softfantasynightchan]

Noooo

[@lllinois]

the puns 😂🥲

[@jasonbuff8629]

I bought a share of party city last year, well that was 50 cents down the drain now. I didn't even know about Halloween city, if I did I would of definitely went there Halloweens my favorite holiday

[@musiclover6842]

Stop with the puns plz I’m trying to focus on the story “Party City’s party grew” etc. Stop it.

[@mrmakeshft]

Where does helium come from

[@vacuumblink2300]

Gases

[@mrmakeshft]

@@vacuumblink2300 Thanks and the country is that this gas is omitted from?

[@06Pine]

So you're saying go to party City to buy everything on clearance

[@criticaluplink]

Party city is like the Walmart of party supply. No one enjoy shopping with peasants

[@kicapanmanis1060]

Seriously WSJ, why are your graphics running at 10FPS?? This is unacceptable .

[@MindOverMatterBjj420]

Enter Ryan Cohen 🌚🚀

[@maestrovso]

While I like to party, I would not want to be called the party guy. Even I know it would only lead to financial ruinage. And I would never take on debt to host my booze on the house parties.

[@ssuwandi3240]

Bad channelstore, inventory and debts management. Pricing woulf be depending on marketing segments there is no right or wrong. You wiuld bet the CEO cut off the salary to $1 to save / revive first all the above problems / disruption..also for voting in Byeden.

[@tammylynn1559]

Their leadership sucked

[@jazzybeat28]

Couldn’t they just use an air to inflate the balloons?

[@gouravmisra2317]

Watching from India . Jay hind sir

[@soniaaggarwal7066]

next will be Adani from India

[@auro1986]

and fill your toy balloons with hydrogen

[@Troc313]

Amazon

[@BigSaenVEVO]

One word: AMAZON