Party In The USA (Bankruptcy Courts)
Yesterday we heard that Bed Bath and Beyond is concerned about its future. And today, another struggling retailer joined the mix, expressing concerns of its own. ⚠️
Party City announced today that it’s preparing to file for bankruptcy within weeks. Like Bed Bath & Beyond, it’s burned through its cash trying to turn the company around. However, sales have remained weak and pressured by inflation and the softening economy.