Party City Ecommerce Transition
Party City has shifted its focus from retail stores to Ecommerce to remain competitive in this industry. The company has invested significant capital into its Ecommerce platform and the company now provides curbside pickup, same-day delivery and balloon delivery. Party City’s Ecommerce platform is also combatting competition from companies like Amazon by now providing wholesale goods on its website. The company’s business is seasonal with 20.0% of revenue coming during Halloween. The company transition to Ecommerce as well as providing same day delivery will aid in increasing revenue and remaining competitive.
New ActivityIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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