Party City is North America’s largest party goods retailer with nearly 800 company-owned and franchise stores. Party City is a division of Party City Holdings Inc., a company that operates specialty retail party goods and social expressions supply stores in North America principally under the names Partyrg Businessweek">Bloomberg Businessweek Company Profile Headquartered in Rockaway, New Jersey, Party City sells party supplies, decorations and costumes for a variety of party occasions and holidays. Party City opened its first store in East Hanover, NJ in 1986 with the goal of... creating a one-stop party supply shop. After two years of operation, Party City opened its first franchise store in Hazlet, NJ in 1989. Party City expanded beyond the Northeast in 1992 and opened stores in Georgia and Tennessee. Shortly thereafter, Party City became a nationwide chain with store locations ranging from Hawaii to Puerto Rico. Through acquisitions, partnerships and expansion, Party City’s sales reached the one-billon dollar mark in 2004. In 2005, the company was sold to Amscan Holdings, Inc., the largest designer, manufacturer and distributor of party goods in America.
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