retail industry

Drew Brees lightning strike is fake, promotional stunt for online sportsbook

Drew Brees #9 of the New Orleans Saints Gregory Shamus | Getty Images Sport | Getty Images Legendary New Orleans Saints quarterback Drew Brees faked being struck by lightning as part of a promotional stunt for betting company PointsBet. A video clip posted to Twitter on Friday showed Brees filming a commercial for PointsBet in …

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Big Las Vegas property owner to take full ownership of two casinos

The largest property owner on the Las Vegas Strip is doubling down and taking full ownership of the MGM Grand Las Vegas and Mandalay Bay, which the deal values ​​at $5.5 billion. VICI Properties, a real estate investment trust based in New York, has agreed to buy Blackstone’s 49.9% stake in the two Las Vegas …

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Amazon CEO says Prime could become ‘standalone business’

Amazon (AMZN) could potentially spin off its Prime streaming unit as a separate company, CEO Andy Jassy said Wednesday. During a wide-ranging interview at the The New York Times’ DealBook Summit , Jassy said that “overtime we have opportunities to make our Prime video business a standalone business that has very attractive economics.” Jassy also …

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Wall Street’s bullish on 3 Club stocks Wednesday

Apple (AAPL), Constellation Brands (STZ) and Ford Motor (F) were subject to Wall Street research on Wednesday. Here’s the latest analyst commentary on these Club holdings, along with our view. Apple Analyst take: Baird lowered its estimate for iPhone manufacturing in Apple’s fiscal first quarter by 8 million units, citing persistent challenges at an assembly …

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Buy now, pay later for holiday gifts is ‘horrible’: Harvard fellow

Americans are increasingly finding alternative ways to satisfy their holiday wish lists as they continue to grapple with high prices and inflation. In many cases, that means opting for flexible payment plans. On Black Friday through Cyber ​​Monday, buy now, pay later payments through companies such as Klarna, Zip, Zilch, Affirm and Afterpay jumped 85% …

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Amazon touts record sales over holiday shopping weekend

An Amazon worker moves a cart filled with packages at an Amazon delivery station on November 28, 2022 in Alpharetta, Georgia. Justin Sullivan | Getty Images Amazon said Wednesday it rang up record-breaking sales in the five-day period beginning Thanksgiving Day and ending on Cyber ​​Monday, adding to what has been a strong showing for …

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Kroger and Albertsons executives defend proposed merger at hearing

Albertsons and Kroger supermarkets Bridget Bennett | Bloomberg | Getty Images; Brandon Bell | Getty Images The battle over whether grocery giants Kroger and Albertsons should be allowed to combine is heating up. On Tuesday, leaders of the two companies defended their proposed merger at a congressional hearing in Washington, where they faced a series …

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Shopper turnout hit record over Black Friday weekend, trade group says

A customer searches for shoe products inside a Macy’s store during Black Friday sales on November 25, 2022 in Jersey City, New Jersey. Kena Betancur | Getty Images A record number of holiday shoppers – 196.7 million – turned out from Thanksgiving Day to Cyber ​​Monday, as they flocked back to stores and hunted for …

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