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Party City history
Party City company history timeline
1990: Party City is incorporated.
The company's annual revenues in 1993 topped $2.4 million and net profits approached $235,000.
Also in 1994 Mandell hired a chief financial officer: David Lauber, a seasoned executive with Mother's Stores, a 170-store chain specializing in maternity and children's clothing.
For the year, revenues were more than double the amount generated in 1995, growing to $48.5 million, and net profits almost tripled, reaching $3.76 million.
In March 1996 Party City completed its initial public offering, selling 1.7 million shares at $10 each, netting $15.1 million.
Party City continued its high-flying ways in 1997, opening 57 company-owned stores, as well as purchasing 24 outlets from franchisees or affiliates, including all of the stores owned by Mandell.
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.
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Party City competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| iParty | 1998 | $79.1M | 1,000 | - |
| Shindigz | 1926 | $29.0M | 350 | - |
| Michaels Stores | 1973 | $5.3B | 45,000 | 2,076 |
| Forman Mills | 1977 | $296.8M | 3,000 | 1 |
| 7-Eleven | 1927 | $5.5B | 138,808 | 1,445 |
| Dds Discounts | - | $26.0M | 1,490 | 68 |
| Academy Sports + Outdoors | 1938 | $5.9B | 17,000 | 594 |
| Kmart | 1899 | $25.1B | 1,500 | - |
| Sam's Club | 1983 | $59.0B | 25 | 30 |
| Fred's | 1947 | $1.3B | 7,324 | 25 |
Party City history FAQs
Zippia gives an in-depth look into the details of Party City, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Party City. The employee data is based on information from people who have self-reported their past or current employments at Party City. 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 Party City. The data presented on this page does not represent the view of Party City and its employees or that of Zippia.
Party City may also be known as or be related to PARTY CITY HOLDCO INC., Party City, Party City Corporation and Party City Holdco Inc.