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iParty history
iParty company history timeline
Investor confidence in the company peaked in March 1998 as the price of its stock reached $35.25 per share.
The chain was started in 1998 by husband and wife team Sal Perisano and Dorice Dionne.
In early July 1999, Party City had outstanding borrowings of $58.6 million against its $60 million line of credit and was in dire need of refinancing.
Taking over in December 1999, Shea focused on establishing a technical infrastructure capable of supporting a major retail chain, investing heavily in point-of-sales and inventory systems.
Paper Warehouse with its 140 stores was delisted by the NASDAQ in June 2002, and 170-store Factory Card Outlet emerged from Chapter 11 bankruptcy protection only months earlier.
Because a soft economy and the looming threat of war with Iraq dampened customer enthusiasm, Party City lost some momentum in the early weeks of 2003, yet the company appeared well positioned in the coming years to greatly increase its 6 percent share in a large and still highly fragmented market.
The book ends just as President George W. Bush has launched the war in Iraq and the Democratic candidates are lining up for the 2004 election.
In March 2013, iParty announced that it had accepted an offer to be acquired by Party City in a deal worth around $38 million.
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iParty competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Five Below | 2002 | $3.9B | 14,001 | 3,262 |
| Party City | 1986 | $2.2B | 10,000 | - |
| Sewell Hardware Co. | - | $9.7M | 20 | - |
| Hudson Group | 1918 | $1.4B | 1,146 | 2 |
| Michaels Stores | 1973 | $5.3B | 45,000 | 1,518 |
| Fallas | 1962 | $20.0M | 100 | - |
| 7-Eleven | 1927 | $5.5B | 138,808 | 1,796 |
| 7-Eleven Hawaiʻi | - | $7.1M | 25 | - |
| Gabriel Brothers | 1961 | $710.0M | 3,000 | - |
| Craft Warehouse | - | $1.3M | 50 | - |
iParty history FAQs
Zippia gives an in-depth look into the details of iParty, including salaries, political affiliations, employee data, and more, in order to inform job seekers about iParty. The employee data is based on information from people who have self-reported their past or current employments at iParty. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by iParty. The data presented on this page does not represent the view of iParty and its employees or that of Zippia.
iParty may also be known as or be related to IPARTY CORP, iParty, iParty Corp and iParty Corp.