Part 9/10:
Party City's story serves as a poignant reminder of the volatile nature of retail. Overshadowed by mounting competition, supply chain issues, and financial mismanagement, the brand struggled to adapt to an ever-changing market landscape. What began as a vision to dominate the niche of party goods spiraled into a cautionary tale. The combination of overextension, an inability to adapt, and reliance on volatile debt financing ultimately sealed Party City’s fate as a retail giant that could not survive the modern era's headwinds.