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No matter the type of Get-toget that you plan , Party City is often an essential resource for getting all articles on your task list. The company currently operates Over 850 stores Averse the United States, providing everything, plates and balloons to costumes and banners. But the post-pandemic commercial landscape was not nice to retailers of all sizes, as many companies struggle to stay afloat . And now it seems that Party City is preparing to file for bankruptcy in a few weeks, according to a report. Read the rest to see what it could mean for the future of the celebration point of sale.

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It seems one of the largest supply chains for America's parties does not have many reasons to celebrate lately. According to sources familiar with the issue, Party City plans to file for bankruptcy in the coming weeks, Wall Street's journal Reported for the first time on January 6.

Sources indicate that the retailer has trouble with a shortage of silver at hand while suffering from a slowdown in sales due to stubborn inflation. The company - valued at around $ 41 million - is said to be in talks with bonds to potentially convert part of its equity debts to restore its finances.

Better life Contacted Party City to comment on the next bankruptcy deposit, but has not yet heard.

The news of the potential bankruptcy deposit comes only two months after the company announced on November 8 that it would be Reduce its business workforce At 19% after posting flat sales figures during the Halloween holiday season, Retail Dive reported. At the time, Party City CEO Brad Weston said the disappointing figures were due to the "main customers of the chain faced with significant inflationary pressures". He then re -re -established his losses during the exercise of $ 36 million to a maximum scheduled net loss of $ 199 million.

"For the future, we plan that the current macro backdrop persists and take measures to best position the business in this environment and in the longer term," said Weston.

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While the actions of the company fell to the news of the imminent bankruptcy deposit, some experts declared that they did not expect the party retailer to find himself in a strait so disaster Niche without competition .

"I am a little surprised by this and the fact that Party City is in the position that is right now, because if Party City - I'm just talking about the consumer's point of view at the moment - if they had to go under And they had, of course, file for bankruptcy, there are not many options for retailers specifically focused on the games, "Yahoo Finance Anchor Seana Smith said during an appearance on the antenna on January 6.

"Yes, you can get things here and there, let's say, from Target, some of the other biggest retailers," she added. "But this focus on the holidays, especially leaving a pandemic, was a piece which, in your opinion, would have performed much better."

But his colleague postponed the assertion that the chain was the only major player in his field, in particular with regard to the big holidays. "I think maybe one of the last nails was Halloween Spirit," said Yahoo Finance Anchor Dave Briggs said during the same broadcast. "They have 1,500 Halloween stores. This has removed a key element from Party City. And they have no real estate all year round: they just have real estate, so their costs are so lower."

But Party City is not the only one in its recent difficulties. The post-pandemic commercial landscape was sadly difficult for retailers of all sizes, which caused waves of store closings and bankruptcy rumors for certain other well-known stores.

December 26, Birthplace of Sears announced that it liquidated the inventory and closed its remaining 130 stores in the United States, the move occurred just a few weeks after the company's deposit on December 12, after a long series of closings in the previous year . A large banner On the company's website, is now read: "All the stores in the hometown of Sears from one ocean to the other will make their doors close!" And exhorts anyone who has gift cards to use them as soon as possible.

And in a statement published on January 5, a beloved goods store Bed bathtub and beyond announced that the company was thinking about paying for bankruptcy because it Fight to stay afloat Despite the reduction in its number of stores of stores. "The company concluded that there is a substantial doubt about the capacity of the company to continue as a continuation," the company said in a press release.

The company revealed that it had seen its profits during the last quarter ending on November 26, going from $ 1.8 billion to $ 1.3 billion, while its losses increased to $ 385 million, Against $ 276 million compared to the same period of the previous year. And even if the retailer could use a bankruptcy file to help regain his place, an expert stressed that he could also simply drive the chain to close . "What we have seen several times is that it ends up being an execution stay", " Michael Baker , a detail analyst at D.A. Davidson, says The New York Times . "Sometimes it works, but you often see an announcement of writing and having fewer stores, then it is followed by a complete liquidation."