Party City Says More Stores Will Close

ROCKAWAY, N.J. (CBS) – Party City is closing more stores this year than previously projected.

In May, the company said it would close 45 stores in 2019. Now Party City will be shuttering an additional 10 stores, according to a recent financial statement.

"Overall, in the second quarter we continued to experience headwinds from direct and indirect impacts of the helium shortages and higher helium costs in many of our markets," CEO James Harrison said.

Harrison said the decision to close more stores is "completely unrelated to the global helium shortage." He added that the company has secured an additional helium supply.

There are 21 Party City locations in Massachusetts. There's no word yet on which stores will be shutting down.

Party City typically only closes about 10 to 15 stores a year.

The company has been struggling with helium supply levels for more than a year, and balloon sales have suffered.