party city

Michaels Buys Bankrupt Joann’s IP and Private Label Brands

Michaels has purchased the intellectual property (IP) and private label brands of Joann and will add more than 600 fabric, sewing and…

Carrefour Deploys Supply Chain Platform to Beef Up Sustainable Sourcing

Carrefour Global Sourcing (CGS), part of the Carrefour S.A. Group, will support its responsible sourcing initiatives with the TradeBeyond CBX platform, which…

Michaels Expands Party Assortment, Enhances In-Store Event Offerings

Michaels is stepping into the gap left by the recent demise of Party City with plans to add 500 new party supply…

Store Closures are Forcing Retailers to Thrive or Die: Here’s How Brands can Adapt

It’s been hard to miss this year’s headlines heralding a ‘retail reset,’ or predicting the end of physical retail as we know…

UPDATE: Gordon Bros. Restocks Party City Stores for Final Sales Push

[Update as of Feb. 26, 2025] With Party City store closing sales entering their final weeks, asset management company Gordon Brothers has…

Party City IP Sold to Pop Culture Conglomerate for $20 Million

One of the final stages of Party City’s Chapter 11 bankruptcy is now complete — the retailer’s intellectual property (IP) and wholesale…

Coresight Predicts Store Closures will Spike to 15,000 This Year

Following a raft of stores closures in 2024, retail advisory firm Coresight Research predicts that closures will escalate further this year, to…

Party City Taps Instacart for Same-Day Delivery

Customers can now shop from over 700 Party City stores on Instacart for same-day delivery in as fast as one hour. The…

Party City Names New CEO as Turnaround Continues

Party City has appointed Barry Litwin as President and CEO as the company continues to eke its way back from its January 2023 bankruptcy….

UPDATE: Party City to Reopen First 3 New-Format Stores

[Update as of May 21, 2024] Party City will hold re-opening celebrations at the first three stores featuring its new format, which…

Party City to Deploy Price Optimization Solution

Party City has partnered with The Parker Avery Group to roll out a price optimization solution based on the solution provider’s Enterprise…

7 Stories that Shaped 2023 — and What They Foretell for 2024

The editors of Retail TouchPoints are sharing our picks for the seven most consequential stories of 2023. As usual, there were lots…

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