Join our Waitlist for Expert Advice!

Party City Expands To 450 Stores Through Franchise Addition <b></b>

Rockaway, NJ-Party City Corp., America's largestparty supplies chain, announced today that its chain-wide storecount has grown to 451 stores now that The Party Supermarket Inc.agreed to join its Party City chain as a franchisee. PartySupermarket owns and operates 23 party supply stores in the Floridaand Philadelphia markets. In connection with the transaction, PartyCity sold three stores in the Florida market to Party Supermarketfor $1.2 million in cash. Party City is also closing one of itsFlorida stores. After the transaction is fully consummated, PartyCity will have 195 company-owned stores and 256 franchise stores.Gordon Keil, senior vice president of franchising at Party City,stated, "We are extremely pleased to announce the expansion ofour chain to include the stores operated by Party Supermarket. Webelieve the key strengths we bring to Party Supermarket include ourmerchandising expertise, our focus on the Halloween market, as wellas the impact of national advertising programs and branding. Thistransaction is a confirmation of our leadership in the partysupplies business." Bruce Konners, vice president of PartySupermarket, also noted, "We believe Party City offers ussignificant advantages that are not available to the smaller chainoperator. These include improved merchandise selection, centralizedadvertising production and a host of other services. As a PartyCity franchisee, we have the benefit of our knowledge of the localmarkets, together with the efficiencies only a large chain cancommand." -Business Wire

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Business News

You Have One Month Left to Buy a House, According to Barbara Corcoran. Here's Why.

"If you are planning on waiting a year and seeing where interest rates go, you are out of your mind," Corcoran said.

Business News

These 3 Side Hustles Make the Most Money While Working Fewer Hours, According to a New Survey

The survey also found that having a side hustle doubled as a path to becoming more employable.

Side Hustle

I Made $14,000 in 1 Week With a Spontaneous Halloween Costume Side Hustle — Here's How

Sabba Keynejad was in art school when he started to refine his entrepreneurial skills.

Thought Leaders

These 3 Trends Will Change What It Means to Be an Entrepreneur in 2025

Here are three entrepreneurship trends from the new Global Entrepreneurship Monitor report that are changing the landscape for the future.

Franchise

The McRib Is Back, But Only at Select McDonald's — Here's Where to Find It

This scarcity is nothing new. In 2022, McDonald's announced a "Farewell Tour" for the McRib, suggesting that it might be the last time customers could get their hands on it.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.