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|Amid a global shortage of helium, party supply retailer Party City just announced they will close 45 stores in 2019.|
No list of stores slated to close has been released as of yet, however local news outlets have reported closures already in California, Illinois, Connecticut and Washington. More are expected to close throughout the year.
Typically, Party City closes 10 to 15 stores per year. With around 870 stores currently operating nationwide, this recent slate of closures only represents about 5% of its total locations.
This year in particular has been really hard on many retailers. Since the beginning of the year, more than 6,500 stores have been announced to close sometime throughout 2019 from various retailers. You can see a list of stores closing this year here.