Party City CEO Barry Litwin told corporate employees Friday that the company was “winding down” operations immediately and that today would be their last day of employment, CNN reported
I guess all the former Party Citys can become Spirit Halloweens sometimes?
I mean, who can afford parties any more. Not even joking. None of my friends are buying anything extra for parties. Kids parties as well. Just the essentials.
Yet not long ago I recall reading that people were spending unbelievable amounts of money on Halloween. Even for their pets! Expensive costumes. You name it. People don’t seem all that wise on these things.
They took all the party money and converted it to halloween money.
Idk, what circles you’re moving in, but consumer spending is up markedly, consumer sentiment is up, the economy is strong, and inflation continues to come in at healthy levers month after month for almost a year now.
That’s why companies like Party City are in such good financial situations.
There’s not really a correlation between a healthy consumer economy and a single market actor. Keep trying though, you’ll get it eventually.