CSG Snapshot: Party City Holdco Inc.
25 Green Pond Road
Rockaway, NJ 07866
AL, AR, AZ, CA, CO, CT, DE, FL, GA, HI, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, PR, RI, SC, TN, TX, VA, VT, WA, WI, WV, AB, BC, NB, NL, NS, ON, SK
Chairman: Gerald Rittenberg
CEO: James Harrison
CFO: Daniel Sullivan
Chief Accounting Officer: Michael Correale
President: Gregg Melnick
With a significant portion of Party City sales coming from Halloween celebrations (at both Party City stores and a couple hundred seasonal Halloween City locations not included in our store counts), the company felt the pinch last year as the holiday moved from a Saturday in 2015 to a Monday. Overall retail sales were still up 2.2%, but wholesale business dipped in 2016. For 2017, we can expect retail sales to again grow by 2% to 3%. A moderate level of expansion is also in the cards. The company continues to strategically acquire franchise locations (deals for 36 have been announced to date this year), and we should see 25 to 30 new store openings.
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