The largest party supply chain in the United States has filed for bankruptcy protection in Texas today, casting doubt over the company's future.
Citing decreased customer spending and increased competition from big-box stores like Target, Party City has experienced several consecutive years of losses. One of the biggest reasons for the chain's struggles was a recent nationwide helium shortage, which led to their highly-important year-round balloon business suffering.
Party City has since gone on record by saying that their balloon business is the “focal point of our growth strategy and are a key driver of our differentiated brand experience.”
With Party City seemingly going down the same road as retailer Bed Bath & Beyond, social media users have expressed their opinions on another American company possibly going under – by using humor and sarcasm in their Twitter posts.
Twitter user SupermoonPics laid down some heavy sarcasm with a tongue-in-cheek explanation for why Party City has declared bankruptcy:
I don't get it.— Not Interesting (only 21million) (@SupermoonPics) January 18, 2023
Every time I go into a Party City, it's a 40,000 square foot store, completely empty, with a ladder sitting in the middle of aisle four. I walk out after spending $7.
How can they possibly be going bankrupt?
This user uses an apt Marvel Cinematic Universe reference to express the feelings she's currently going through:
Party City is on its way out, Toys R Us is gone, Pizza Huts are disappearing. It’s like Thanos snapped away my 90s childhood.— AutumnSkye (@AutumnSkye13) January 18, 2023
MrAlexisPereira really seems like he's speaking from personal experience as he theorizes how Party City is in the position it's currently in:
Party City declared bankruptcy after losing their main source of income: sketch writers who need a costume an hour before a show.— Alexis Pereira (@MrAlexisPereira) January 18, 2023
Spirit Halloween stores may be standing at the ready to jump on any vacated commercial space left over by Party City, as this user suggests.
Party City is filing bankruptcy & closing stores. Spirit Halloween thinking about this September pic.twitter.com/QLrI7eR672— JSWilliams1962 (@jswtreeman) January 18, 2023
There seems to be a story behind this particular tweet that the internet would love to hear:
RIP Party City… the greatest place to serve divorce papers in history.— SCOTTY (@MarylandMudflap) January 18, 2023
Twitter user adgirlMM brings politics into the conversation by suggesting Americans haven't felt like partying ever since Donald Trump won the 2020 presidential election:
PARTY CITY is filing for bankruptcy and while I haven’t seen the data, pretty sure the decline of American parties and celebrations began on Nov 8, 2016.— MM (@adgirlMM) January 18, 2023
This particular user doesn't seem to mind that Party City is in danger of going out of business, citing environmental benefits if the company doesn't survive:
Oh, no, what are we going to do without all that single-use plastic if they were to cease operations? https://t.co/6DhAn6WLor— ted 2023ski (@shrugdeaIer) January 18, 2023
There were some users – like hipstermermaid – who will miss Party City, proclaiming the company taught her it was “okay to be weird.”
RIP Party City your year-round Halloween section taught me it was okay to be weird.— hipstermermaid (@hipstermermaid) January 18, 2023
This article was produced and syndicated by Wealth of Geeks.