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Tag: Party City Holdco Inc

Why Party City is closing stores

Most people think Christmas is the only time of year that matters for retailers, but it depends on what you’re selling. For many retailers, holiday-packed November and December is make or break. At Party City, Halloween is the holiday that fills its coffers. And in 2019, the party supply retailer said its fiscal October results …

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Sears, Walgreens among retailers that closed stores in 2019

Micah Young | E+ | Getty Images 2019 has been a record year for store closures in retail. In the U.S., retailers this year have announced plans to shut more than 9,300 locations. That’s up more than 50% from the total announced closures in 2018, which amounted to 5,844, Coresight said. Previously, the record was …

Sears, Walgreens among retailers that closed stores in 2019Read More

Halloween shoppers ditch brick-and-mortar stores to buy costumes online

Revelers attend the Halloween Parade in New York City. Mario Tama | Getty Images Halloween shoppers are ghosting traditional brick-and-mortar stores in favor of shopping online for their costumes, according to 1010data’s eCom Market Benchmark report. It’s a big and growing business. The National Retail Federation estimates that the average shopper spends $86.27 on a …

Halloween shoppers ditch brick-and-mortar stores to buy costumes onlineRead More