Zacks Lowers Party City Holdco to Hold (PRTY)

Zacks Lowers Party City Holdco to Hold (PRTY)
News from The Legacy:

Zacks downgraded shares of Party City Holdco (NASDAQ:PRTY) from a buy rating to a hold rating in a research note issued to investors on Tuesday, Analyst Ratings Net reports.

According to Zacks, “Party City Holdco Inc. is involved in designs, manufactures, contracts for manufacture and distributes party goods, including paper and plastic tableware, metallic and latex balloons, Halloween and other costumes, accessories, novelties, gifts and stationery. It also operates specialty retail party supply stores primarily in the United States and Canada. Party City Holdco Inc. is based in Elmsford, New York. “

A number of other

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Related News:

Party City Opens Second Naples Location Amid Month of Job Fairs
News from Naples Herald:

Elmsford, New York-based Party City celebrated the grand opening of its second Naples location on Friday.

The party supply chain, with over 900 stores nationwide, will employ 20 people full-time.

“We wanted to provide the community another conveniently located store where Party City shoppers can go year-round to find party goods for all things celebrated,” said Erin Owens, a representative for the company.

Party City’s opening comes at a time when many Southwest Florida businesses are starting to ramp up hiring ahead of the winter tourist season. On Wednesday, Naples-based Culinary Concepts held a job fair to fill 140 openings in its five restaurants, including three in Naples. Platinum Dry Cleaners announced a job fair of its own for Tuesday, hiring in several positions.

In addition to the opening day staff, Owens said the company is looking to fill temporary positions ahead of Halloween, a busy time for one of the nation’s top costume sellers. They expect to double their staff for the Halloween season.

“Opening before Halloween is an opportune time for us as we’re anxiously gearing our store up for the holiday season,” Owens said.

Job fairs and job openings are a welcome sign, after a report by payroll-processing firm ADP released last week estimated that Florida’s job growth in July had been its weakest of 2…………… continues on Naples Herald

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