Originally Posted by
Halon1211
https://finance.yahoo.com/news/party-city-going-business-174343913.
html
hey guys, I posted this on the other thread but just really wanted to spread the word.
Party City just announced they are folding after being in and out of bankruptcy.
Read the news article and read some of the details about the bankruptcy and how scary some of the similarities are between Spirit and Party City. (in regards to how they are navigating the bankruptcy.)
See Big Lots too. Sale lease back a bunch of stores, Ch 11 bankruptcy, put up the $200M HQ as collateral for debt financing, supposed to swap debt for equity with creditors and get more financing, CEO cheerleading the whole time...now liquidating.
Cherry on top - Low income consumers reduced spending listed as a factor
Good luck to us.