Party’s over, folks

Balloon and bad wig supercenter Party City has blown out its last candle. The 40-year-old retailer is said to be closing down all of its roughly 800 stores in a move that CNN reports blindsided employees. Party City filed for bankruptcy early last year and was delisted from the NYSE.

The chain’s closure comes a day after similar retail news out of Big Lots. The discount chain said yesterday that it’s closing all of its remaining stores (around 960).

Party City is going out of business | CNN Business

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Nathan's Famous restaurant on Coney Island

Iconic hot dog brand Nathan’s Famous just sold for $450 million

Packaged meat company Smithfield Foods has agreed to acquire the historic Coney Island staple — best known for its annual hot dog eating contest — in an all-cash deal.

Millie Giles1/23/26

Tom Jones

so fried

1/23/26

KFC ranked worst out of 76 restaurant chains per new market share analysis

The chicken wars are taking their toll, new Barclays analysis suggests, as competitors close in on the chain that once ruled the roost.

Nate Becker

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Paramount is doing everything except the one thing that could give its Warner Bros. bid a chance of success

Warner Bros. says “more than 93%” of its shareholders have rejected Paramount. That’s probably not going to change substantially unless Paramount boosts its offer.

Streamers continued retreating from original shows in 2025

The death of “peak TV” has not been exaggerated, per a new report from Luminate.

Max Knoblauch1/21/26

Retail display of Takis snack food in various spicy flavors in Target store, Queens, New York

America’s love for spicy food and mouth-tingling sauces has surged, but are we approaching “peak heat”?

Takis doesn’t think so, as it searches for a “Chief Intensity Officer.”

Claire Yubin Oh1/21/26

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