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Tag: hospitality

  • Stock Plays for October: 3 to Watch, According to J.P. Morgan

    Stock Plays for October: 3 to Watch, According to J.P. Morgan

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    The stock market is entering October a little battered and bruised after September’s selloff. However, that also offers opportunities and


    J.P. Morgan


    analysts have some ideas for where to invest at the start of t…

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  • Blue Apron notches triple-digit percentage gain while Nike rallies after earnings beat and boosts Foot Locker stock

    Blue Apron notches triple-digit percentage gain while Nike rallies after earnings beat and boosts Foot Locker stock

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    Here are the day’s biggest movers:

    Stock gainers:

    Blue Apron Holding Inc.’s stock
    APRN,
    +133.52%

    rocketed by 134% after food-delivery start-up Wonder said it would acquire the company for $13 a share or about $103 million, just a fraction of its $2 billion in 2017 when the company went public.

    Shares of Nike
    NKE,
    +5.96%

    rallied 7% as the apparel maker, which is also part of the Dow Jones Industrial Average
    DJIA,
    reported better-than-expected earnings, news that also lifted shares of European rivals including Adidas
    ADS,
    +6.22%
    .

    Foot Locker
    FL,
    +2.71%
    ,
    which sells athletic apparel, saw its stock rise by 3%.

    Walgreens Boots Alliance Inc.‘s stock
    WBA,
    +6.39%

    rose 6.2% as a top gainer among the Nasdaq 100
    NDX
    as stocks reacted with gains to the latest inflation data.

    Stock decliners:

    Bionomics 
    BNOX,
    -11.87%
    ,
    whose shares jumped 242% on Thursday after reporting positive results from a mid-stage trial of a treatment for post-traumatic stress disorder, fell 8% in regular trade.

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  • After fighting over connected fitness, Peloton and Lululemon join forces

    After fighting over connected fitness, Peloton and Lululemon join forces

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    Peloton Interactive’s stock jumped after hours Wednesday after the connected-exercise-bike maker and yoga-wear giant Lululemon Athletica announced a five-year partnership that will combine digital fitness with workout and athleisure gear starting next month.

    The move comes as the fitness industry recalibrates after a boom and bust in at-home workouts due to the pandemic, and after Peloton
    PTON,
    +0.65%

    and Lululemon
    LULU,
    -0.40%

    tried to compete with each other directly on connected fitness. But as part of the deal, Lululemon will stop selling its Lululemon Studio Mirror — its answer to Peloton’s pairing of exercise equipment and exercise videos — before the end of the year.

    Shares of Peloton climbed 13.3% after hours Wednesday. Lululemon’s stock was up 0.3% after hours.

    Under the partnership, Peloton will become the “exclusive digital fitness content provider” for Lululemon. Lululemon, meanwhile, will become Peloton’s “primary athletic-apparel partner.” Some Peloton instructors will also promote Lululemon’s clothing as part of the arrangement.

    The partnership will target customers across North America, the U.K., Germany and Australia. Starting Oct. 11, co-branded clothing across Lululemon’s products will be available at Peloton stores and online in the United States, the U.K. and Canada, and in Peloton’s markets by March. Beginning Nov. 1, Lululemon Studio All-Access Members will have access to Peloton classes.

    “Our two companies share a vision to advance wellbeing through movement, and this partnership ensures our lululemon Studio Members will have access to the most expansive and dynamic offering of fitness content possible,” Celeste Burgoyne, Lululemon’s president for the Americas and global guest innovation, said in a statement.

    Lululemon bought Mirror — an interactive fitness company that displayed workout videos and fitness data on an actual mirror — for $500 million in 2020, when much of the world still faced pandemic-related restrictions.

    Then, lockdowns eased and pre-pandemic habits returned. Gyms reopened. Peloton started getting into trouble. It has cut jobs, shaken up leadership and announced a recall of 2 million exercise bikes due to injury risks. Shares of the company have fallen more than 90% since late 2020.

    Lululemon stock, however, has run higher since that time. Some analysts last year said that clothing made by the company was less prone to a broader apparel discounting frenzy. During its most recent round of earnings, Lululemon raised its full-year outlook despite what it called a “dynamic operating environment.

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  • Experience A Slice Of The Circle Of Life!

    Experience A Slice Of The Circle Of Life!

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    This three-bed, two-bath early ’70s split-level ranch has witnessed eight births and three deaths over two generations. Perfect for the misanthrope who desires a tangential connection to humanity.

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  • All Of Starfield’s Bars, Ranked

    All Of Starfield’s Bars, Ranked

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    Screenshot: Bethesda / Kotaku

    Vendors are a crucial component of Starfield, as you’ll need to make use of the RPG’s merchants in order to get better gear, obtain necessary parts to fix a damaged ship, buy healing items, and sell off all your contraband to earn enough credits to eventually buy that house in Akila City. The bars and restaurants in Starfield are also vendors, as the items you can buy from there are considered “aid” in that they’ll restore a little health or give you temporary buffs.

    Read More: All Of Our Starfield Tips, Guides, and Reviews
    Buy Starfield: Amazon | Best Buy | GameStop

    But we don’t just go into Starfield’s bars and restaurants to make use of their functionality—we go there to hang out. Video game bars are fantastic little lore dumps, lovingly detailed spaces that really make the game world in which they’re set feel lived-in and real. There’s nothing quite like walking into Mass Effect 2’s Afterlife for the first time, or settling down for a game of Gwent in The Witcher 3’s Golden Sturgeon, to make it feel like you really are your character, and you really are jonesing for a drink.

    And like other Bethesda RPGs, Starfield has its fair share of watering holes decorated with interesting objects and frequented by colorful characters (you could even call it Barfield, there’s so many). We ranked all the ones we could find, from worst to best, based on decor, menu, and overall vibes. Which Starfield bar would we most like to drink at? Read on to find out.

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    Alyssa Mercante

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  • How Colorado football coach Deion Sanders is making people around him rich

    How Colorado football coach Deion Sanders is making people around him rich

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    The “Prime Effect” is real.

    With his confidence and his aphorisms, to say nothing of his coaching skills, Deion Sanders has led the University of Colorado football program to a 3-0 record and a top 20 ranking. 

    Just weeks into his first season at the helm in Boulder, Sanders, known as “Prime Time” when he played in the NFL — and MLB — and now called “Coach Prime,” has already made his Buffaloes the most talked-about team in college football.

    Colorado was 1-11 last season, good for last place in its conference.

    Then, in December, Sanders was lured away from Jackson State, where he’d been head coach since 2020 and his teams had gone 27-6.

    Last weekend’s game in Boulder, against in-state rival Colorado State, drew 9.3 million viewers, making it the most-watched late-night college football game ever on ESPN
    DIS,
    -1.55%
    .
    It also attracted star power to Boulder, with rappers Lil Wayne and Offset, Dwayne “The Rock” Johnson, and NBA players Kyle Lowry and Kawhi Leonard on hand. 

    The success and the publicity are making many people in Sanders’s orbit wealthy. 

    Colorado’s top three NIL — or name, image and likeness — earners this season are coach Sanders’s sons Shedeur and Shilo, and Travis Hunter. All three players transferred to Colorado from Jackson State last season, an HBCU.

    His top players have cashed in on newfound fame with NIL deals to the tune of millions of dollars.

    Perhaps most notable among them is his son, junior quarterback Shedeur Sanders. The 21-year old made headlines after throwing for 510 yards and four touchdowns in Colorado’s season-opening shocker against No. 17–ranked Texas Christian. Since then, he’s thrown six more touchdown passes in two further victories.

    The quarterback has more than 2 million followers on social media and has already inked several deals with big brands, including with yogurt producer Oikos
    DANOY,
    -0.84%
    ,
    Gatorade
    PEP,
    +0.21%

    and Mercedes-Benz
    MBG,
    -0.15%

    DAII,
    -0.60%

    — he has shown fans new Mercedes cars on social media more than once.

    Through his stellar play, Shedeur attracted the attention of another noted quarterback, Tom Brady, who inked the dynamic collegian to an endorsement deal with his clothing company, Brandy Brand, last October.

    “I think he needs to get his a— in the film room and spend as much time in there as possible,” Brady joked with the young quarterback during a recent recording of his podcast, “Let’s Go.”

    Overall, Shedeur Sanders has an NIL value of approximately $5.1 million, according to On3’s proprietary NIL algorithm, up from $1.5 million at the beginning of the year — that’s the highest value in all of college football. On3’s algorithm considers NIL-deal data, performance, influence and exposure.

    Fox Sports analyst Joel Klatt said on Wednesday that he believes Shedeur Sanders might be able to make $10 million in NIL deals, more than three times the average NFL player’s salary.

    While Shedeur Sanders is the headliner at Colorado, he’s not alone in mining the NIL vein. Travis Hunter, a five-star sophomore prospect, has an On3 NIL valuation of $2.2 million, the fourth highest among all college football players. Hunter’s NIL value was $1.7 million at the beginning of the year.

    Hunter plays wide receiver on offense and cornerback on defense, a rarity in a high-level college program. He has 1.8 million followers on social media, a successful YouTube
    GOOG,
    +0.23%

    GOOGL,
    +0.18%

    channel, and endorsements with Celsius Energy Drink and 7-Eleven.

    Hunter entered this season as the most highly touted NFL prospect at Colorado, and Deion Sanders contends rival schools have attempted to poach him via lucrative NIL deals.

    “People offered Travis Hunter a bag — about $1.5 million to try to lure him and buy him out of the transfer portal,” coach Sanders told 247Sports over the summer. “But Travis is not the kind of guy that can be bought. He isn’t built like that. Travis is a relational young man that is built on relationships and stability. And that’s what he wanted and desired. That is why he decided to ride and stay with us.”

    Hunter suffered a lacerated liver on a late hit by a Colorado State defensive back last weekend.

    Don’t miss: Colorado coach Deion Sanders condemns fans’ death threats against Colorado State defensive back over late hit

    Sanders’s other son on the team, Shilo, is also a top NIL earner. A senior defensive back who took an interception 80 yards and into the end zone during the Buffaloes’ win over Colorado State, Shilo’s NIL value, per On3, sits at $719,000. He has NIL deals with Porsche
    DRPRY,
    +0.10%

    P911,
    +0.26%
    ,
    Oikos and KFC
    YUM,
    +0.37%
    .
    Shilo Sanders’s NIL value stood at $575,000 at the end of last year.

    The NCAA started allowing college athletes to profit from their names, images and likenesses in 2021, ending a years-long crusade by student athletes. Football has been the college sport attracting the most NIL deals, followed by men’s basketball, women’s volleyball and women’s basketball, according to NIL platform Opendorse.

    “NIL money, that’s a real part of college football now,” former University of Colorado and NFL football player Tyler Polumbus told CBS shortly after Sanders took the coaching job at Colorado. “I never thought that Colorado would be able to live in that world and compete in that world, but with Deion Sanders it becomes a whole new land of opportunity.”

    From the archives (April 2022): Women are set to make more money than men on NIL deals in college basketball

    Sanders, the coach, is getting paid, too, of course.

    In addition to the $33.5 million he made while playing in the NFL (to say nothing of the nine big-league baseball seasons in which he was an active player), coach Sanders is on a five-year contract with the University of Colorado worth $29.5 million, as reported by the Mississippi Clarion Ledger, with various escalators tied to performance.

    If Sanders continues to have success at Colorado, he’s likely to field even richer offers from bigger-time football schools. At Jackson State, his salary reportedly was just $300,000.

    The wealth coming to Sanders and his top players, including his own offspring, is also accruing to the school and brands attached to “Coach Prime.”

    The university has sold out all home games on the current schedule — a first in program history — and he’s selling tens of thousands of $67 “Prime 21” sunglasses, which won’t ship until December. He’s also helping sell merchandise at Colorado’s bookstore — it’s up 819% this fall vs. 2022 — and several varieties of Colorado-themed Prime gear are sold out at Nike’s
    NKE,
    -0.86%

    online store.

    Also on Sanders’s radar: trademarks. The six-time NFL All-Pro, two-time Super Bowl champion and Hall of Famer has filed for trademarks on “Coach Prime,” “Prime Effect,” “Daddy Buck” and “It’s Personal,” according to attorney Josh Gerben of Gerben Intellectual Property.

    Colorado plays at the University of Oregon on Saturday afternoon. The Ducks are ranked No. 10, while Sanders’s Buffaloes, unranked in the preseason, have climbed to No. 19.

    Oregon is a 21-point favorite, according to DraftKings oddsmakers, but 81% of all bets have been placed on Colorado.

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  • A stranger in your hotel room? Kitty-litter shortages? Online attacks are causing real-world effects.

    A stranger in your hotel room? Kitty-litter shortages? Online attacks are causing real-world effects.

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    It was past midnight when Alessandra Millican and a friend entered the Bellagio hotel room that was costing them hundreds of dollars a night, but unexpected noises made them stop cold.

    “We started hearing grunts,” she said. “It’s somebody waking up — we were halfway through the room and we realized there’s somebody sleeping in here.”

    Millican…

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  • Gravity Haus Adds Gravity Haus Jackson Hole in Jackson Hole, Wyoming, to Its Growing Portfolio of Adventure-Lifestyle Destinations

    Gravity Haus Adds Gravity Haus Jackson Hole in Jackson Hole, Wyoming, to Its Growing Portfolio of Adventure-Lifestyle Destinations

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    Jackson Hole is the 9th destination and a strategic market addition to Gravity Haus’ curated portfolio of experiential and adventure-centric hotels.

    Gravity Haus, the award-winning, adventure-centric hotel and membership club, announces the addition of Gravity Haus Jackson Hole in Jackson, WY, into Gravity Haus’ growing portfolio for the Winter 2023/2024 Season. 

    “Jackson Hole is one of the most iconic mountain destinations on the planet,” says Jim Deters, CEO of Gravity Haus, Inc. “We have known for some time that in order to further our adventurous lifestyle offerings for both our guests and our member network, we needed to have a presence and a place here. Gravity Haus Jackson Hole meets the moment, and allows us to offer unprecedented access to the very best outdoor recreation and travel experiences in the region while also creating a place to further our community.” 

    The opening of Gravity Haus Jackson Hole will follow a full transformation and rebranding of The Continuum Hotel to Gravity Haus Jackson Hole, with renovations set to begin in October 2023, and represents the newest destination to the Gravity Haus full membership benefits program (along with destinations in Vail, Breckenridge, Steamboat, Winter Park, Denver, Aspen, Truckee, CA, and Moab, UT).  Gravity Haus Jackson Hole will provide globally-conscious hospitality and amenities to its members and outdoor adventurers alike, while remaining focused on sustainability, community engagement, and celebrating authentic outdoor experiences.

    “We are very excited to partner with Gravity Haus. I met Jim in 2020 and have tracked Gravity Haus’s success since. The brand is a perfect fit for the property, and we are excited to become part of the family,” said David Gibson of hotel owner Molokai Hospitality. “We look forward to working with the Gravity Haus team to continue to bring our original vision to life and create unforgettable memories for the guests of the hotel.”

    Located in the heart of Teton Village, Gravity Haus Jackson Hole will offer the perfect home base for those looking to experience the very best of Wyoming’s ski and outdoor recreation culture. Gravity Haus Jackson Hole will feature an 87-key boutique hotel, steps away from Jackson Hole Resort’s beloved Aerial Tram. Once renovations are complete, Gravity Haus Jackson Hole will offer adventurers unparalleled access to Jackson Hole’s world-renowned skiing & snowboarding with convenient access to biking, climbing, hiking, skiing, snowboarding, fishing and boundless backcountry adventures. Further, Gravity Haus Jackson Hole will offer guests and members the brand’s signature amenities: spacious rooms, co-working spaces, discounted gear rentals, best-in-class fitness spaces, locally-inspired restaurants and farm-to-cup coffee offerings. Like all Gravity Haus properties, Jackson Hole will offer dog-friendly accommodations.

    Gravity Haus is more than a hotel, it’s an active and fulfilling lifestyle and membership community delivered through curated experiences, spaces, programs, and fitness offerings for today’s modern adventurer. Gravity Haus members benefit from the award-winning amenities desired by modern travelers including:

    • StarterHaus: a modern co-working space to create and inspire alongside local and roving entrepreneurs and executives.
    • Haus Quiver: a revolutionary gear as service providing full-service access at the click of the Gravity Haus mobile app for bikes, SUPs, and camping gear.
    • Events & Experiences: an expert team helping you find the best-suited adventure for you and your travel companions from fully guided adventures to our Haus Guides that provide on-demand advice on where to go and what to do that best fits your needs.

    All Gravity Haus properties are available to book to non-members who can enjoy overnight stays and access to amenities at Gravity Haus Jackson Hole–members’ savings can be enjoyed for arrivals beginning December 1, 2023.  Gravity Haus Members receive unique benefits and discounts including special rates that are up to 50% off nightly hotel rates, a 25% discount on food and beverage expenses, day-long access to all hotel amenities, plus supplementary advantages and experiences that elevate your outdoor adventures.

    Three (3) membership levels are available, starting at just $110/month for 12 months. Full membership details are available at www.gravityhaus.com/membership.

    For more information about Gravity Haus and its membership program, please visit www.gravityhaus.com or follow the brand on InstagramFacebook and LinkedIn

    ###

    About Gravity Haus

    Gravity Haus is an adventure-lifestyle hotel and membership club that enables a modern active lifestyle—the seamless merging of work, play and outdoor adventures at world-class destinations in Colorado, Utah, and California. Gravity Haus provides members and non-member guests the ability to connect with the outdoors and each other with amenities that include recovery, fitness facilities and yoga classes, world-class gear, and curated experiences for members and guests. Traveling like a local and feeling like an insider is part of the unique experience at Gravity Haus. Learn more at www.gravityhaus.com.

    About Molokai Hospitality 

    Molokai Hospitality is managed by Molokai Partners. Molokai Partners was founded in 2007 to identify and invest in unique opportunities. Molokai has investments across several industries including real estate, insurance, energy and athletics.

    Source: Gravity Haus

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  • How Restaurant365 CEO Tony Smith Uses Data to Make Better Decisions | Entrepreneur

    How Restaurant365 CEO Tony Smith Uses Data to Make Better Decisions | Entrepreneur

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    Opinions expressed by Entrepreneur contributors are their own.

    Restaurant365’s Tony Smith knows he’s not a social media expert. Few people are. Still, the software company executive has been able to prove that authenticity is a powerful tool for building a devoted following online.

    He believes that true connections are built on honesty, not a facade. It’s important to let people see the real you, rather than hiding behind a persona.

    “For me,” says R365’s Tony Smith to Restaurant Influencers series host Shawn Walchef of Cali BBQ Media. “I am not a master of social media, but luckily I’ve been able to build some presence there because what I do believe in is people knowing you — really knowing you for who you are — not some fake persona.”

    Tony Smith is the CEO and co-founder of Restaurant365, a company that’s helping improve the fortunes of more than 40,000 restaurants with its back-office management software. The leader stands out for his commitment to transparency and desire to help businesses thrive.

    Restaurant365, or R365, is a fast-growing SaaS company, whose cloud-based software provides a unique, all-in-one accounting, store operations, and workforce solution for restaurants. Their mission is to facilitate optimal productivity and profitability.

    With R365, restaurants can manage back-office productivity from one platform. It also integrates with your POS (such as Toast, the sponsor of this series), banks, vendors, and more. This results in less time spent on manual tasks, with improved visibility and control of the bottom line.

    Tony Smith’s journey as the CEO of Restaurant365 is a testament to the power of authenticity, the value of personal connections, and the importance of seeking help when needed.

    Leaders often find it challenging to ask for help when they spend so much time helping others. But Smith has a unique approach to avoid burnout.

    Employing a quadrant strategy to evaluate his tasks, he divides responsibilities into categories: “love it,” “don’t love it,” “great at it,” and “not great at it.” Once he recognizes areas where he doesn’t excel or doesn’t enjoy, he proactively seeks assistance.

    Tony Smith knows that trying to do everything himself would be a disservice to his company.

    “I have to be honest and admit I’m probably not the best person here to do that thing anymore,” he says. “If you do too many of those things you don’t love, that’s the burnout zone.”

    In an era where virtual interactions dominate, Tony Smith values the richness of in-person connections.

    The Restaurant Transformation Tour, an ongoing series of events by Restaurant365, reflects his passion for meaningful face-to-face encounters. He believes that personal connections are formed best when you can “rub shoulders” with someone, exchange ideas informally, and create valuable relationships.

    “I think that some of that really does come best in person.”

    Subscribe to Restaurant Influencers: Entrepreneur | Spotify | Apple

    About Restaurant Influencers

    Restaurant Influencers is brought to you by Toast, the powerful restaurant point of sale and management system that helps restaurants improve operations, increase sales and create a better guest experience.

    Toast — Powering Successful Restaurants. Learn more about Toast.

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    Shawn P. Walchef

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  • Portuguese Town Flooded By 600,000 Gallons Of Red Wine After Tanks Burst

    Portuguese Town Flooded By 600,000 Gallons Of Red Wine After Tanks Burst

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    Over 600,000 gallons of red wine rushed through the streets of São Lourenço do Bairro, Portugal, after two tanks at a nearby hilltop distillery broke open and sent the alcohol rushing through the town streets below. What do you think?

    “It never occurred to me that alcohol could be dangerous.”

    Joseph Boreen, Utensil Consultant

    “How come nothing delicious ever buries my town?”

    Tara Pelletier, Systems Analyst

    “A wonderful day for people who like to lick wine off the street.”

    John Hallack, Iguana Groomer

     

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  • Howard Schultz steps down from Starbucks board of directors

    Howard Schultz steps down from Starbucks board of directors

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    Starbucks Corp. on Wednesday said former Chief Executive Howard Schultz is stepping down from its board of directors, capping a nearly 40-year career during which the company grew from a handful of stores in Seattle into a global coffee chain.

    Schultz’s retirement from the board, which ends his involvement in the company’s leadership, took effect Wednesday and was part of a planned transition, the coffee chain said. Schultz stepped down as Starbucks
    SBUX,
    +0.72%

    chief executive in March.

    The company on Wednesday also said that it had elected Wei Zhang to its board of directors, effective Oct. 1. Zhang was most recently a senior adviser to Chinese e-commerce giant Alibaba Group
    BABA,
    -0.75%

    and also held leadership positions at News Corp China and CNBC China.

    Shares of Starbucks were down 0.7% after hours on Wednesday.

    Starbucks said Schultz “will now turn his attention with his wife, Sheri, to focus on a range of philanthropic and entrepreneurial investments to create greater opportunity, accessible to all.” The company noted that the two were co-founders of the Schultz Family Foundation in 1996, and of the emes project.

    Although he was not technically the founder of the coffee chain, Schultz became the modern face of it. Schultz joined Starbucks in 1982 as its director of operations and marketing. After a brief hiatus from the company, he returned in 1987 as chief executive and bought the business with backing from local investors, according to a biography on the Starbucks website. The chain went public in 1992.

    As the chain’s footprint expanded beyond the U.S., Schultz stepped down from the CEO role in 2000 but returned in 2008. He retired from Starbucks in 2018, then came back as interim chief executive and board member last year.

    Over those years, Starbucks has banked on China for international growth — even as that country’s economy remains turbulent following the postpandemic reopening. It also added food and cold and customizable drinks to its menus and built out its mobile-ordering infrastructure.

    The company has branded itself as a progressive employer and a supporter of social justice. But over the past two years, the company, and Schultz in particular, have faced criticism over the handling of employees who were trying to unionize. Union members have accused the chain of unfair labor practices, retaliation for organizing and delaying contract negotiations, leading to deeper scrutiny from lawmakers.

    “We hope this is an opportunity for Starbucks to change course and leave their union-busting behind them,” Starbucks Workers United, the union representing those workers, said Wednesday in a tweet.

    Still, even as inflation has eaten into consumer savings, Schultz said coffee has remained an “affordable luxury” for many customers. And Starbucks management said that younger, loyal consumers and customizable drinks would help sustain demand.

    According to a filing on Wednesday, Schultz will still be connected to the company in other ways. Starbucks said it would amend Schultz’s retirement agreement from 2018 and continue to provide him and his spouse with security services.

    “The security services will be provided for a period of 10 years and will be evaluated on an annual basis,” the filing said. “In recognition of Mr. Schultz’s leadership as the company’s founder and chairman emeritus, the company will also provide Mr. Schultz with the reimbursement of his monthly healthcare insurance premiums.”

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  • CDC recommends updated COVID shots for people 6 months of age and older

    CDC recommends updated COVID shots for people 6 months of age and older

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    The Centers for Disease Control and Prevention on Tuesday recommended updated COVID-19 vaccines for people 6 months of age and older.

    Director Mandy Cohen late Tuesday backed the findings of CDC advisers, who voted 13-to-1 for approval earlier in the day. The updated vaccines from Moderna Inc.
    MRNA,
    -0.53%

    and Pfizer Inc.
    PFE,
    +0.62%

    -BioNTech
    BNTX,
    -1.97%

    should become available later this week.

    “We have more tools than ever to prevent the worst outcomes from COVID-19,” Cohen said in a statement. “CDC is now recommending updated COVID-19 vaccination for everyone 6 months and older to better protect you and your loved ones.”

    The move comes just one day after the U.S. Food and Drug Administration approved the updated shots from Moderna and Pfizer. The FDA approved single-dose vaccines for people 12 and older and authorized emergency use of new shots for children as young as 6 months.

    The CDC recommendations Tuesday include some key changes from the recommendations that previously applied to the bivalent COVID vaccines. People age 65 and older were recommended to get a second bivalent dose, for example, but the CDC is not currently recommending two doses of the new shot for older adults. The CDC said it will monitor epidemiology and vaccine effectiveness to determine if additional doses are needed.

    The recommendations come as the vaccines are transitioning from federal procurement and distribution to the commercial market. The new shots are expected to have list prices of $110 to $130 per dose. But the Affordable Care Act requires insurers to cover most vaccines recommended by the CDC advisory committee at no cost to plan enrollees, and people with Medicare and Medicaid also have no-cost access to the vaccines. 

    The CDC meeting Tuesday addressed some concerns about the accessibility and cost of the vaccines for people without health-insurance coverage. The CDC’s new Bridge Access program will provide free shots to uninsured people within days at retail pharmacies as well as local health centers, the CDC said. The agency had previously said that the free shots might not arrive in retail pharmacies until mid-October. The federal government’s vaccines.gov website will be updated later this week to list Bridge Access program sites, the CDC said.

    Roughly 25 million to 30 million U.S. adults do not have health insurance. About 85% of people without coverage live within 5 miles of a Bridge Access program site, according to CDC data.

    Under the Bridge Access program, CVS Health Corp.
    CVS,
    +2.57%

    will administer doses in stores and Minute Clinics, the CDC said, and Walgreens Boots Alliance Inc.
    WBA,
    +1.35%

    will offer doses in stores and at off-site events that target areas of low access and uptake. Healthcare-services company eTrueNorth is also working with the program to reach lower-access areas without other coverage under the program, the CDC said.

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  • Gravity Haus Adds The Radcliffe Hotel in Moab, Utah, to Its Growing Portfolio of Adventure-Lifestyle Destinations

    Gravity Haus Adds The Radcliffe Hotel in Moab, Utah, to Its Growing Portfolio of Adventure-Lifestyle Destinations

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    Moab is the Eighth Destination and a Strategic Market Addition to Gravity Haus’ Curated Portfolio of Experiential and Adventure-Centric Hotels

    Gravity Haus, the award-winning, adventure-centric hotel and membership club, announces the addition of The Radcliffe Hotel in Moab, Utah, into Gravity Haus’ growing portfolio. The Radcliffe transformation to Gravity Haus will begin immediately and will be the newest destination added into the Gravity Haus full-membership benefits program along with destinations in Vail, Breckenridge, Steamboat, Winter Park, Denver, and Aspen, Colorado, and Truckee, California. The Radcliffe Hotel was previously a Gravity Haus partner property and its focus on the outdoor adventurer and sustainability aligns perfectly with Gravity Haus, making the transition and rebrand a natural fit.

    Gravity Haus Moab is a 38-key boutique property in the heart of downtown Moab close to Arches National Park (5.7 mi). Opened in 2021, the property offers unparalleled access to Moab’s vibrant culture and premier access to the region’s outdoor adventures including rafting, biking, climbing, and hiking. Surrounded by Moab’s iconic red rock views, Gravity Haus Moab will feature the brand’s signature amenities: spacious rooms, co-working spaces, discounted gear rentals, best-in-class fitness spaces, and farm-to-cup coffee offerings, as well as an outdoor pool and hot tub. Like all Gravity Haus properties, the Moab location offers dog-friendly accommodations.

    “Moab is a strategic addition to our highly curated portfolio of adventure-lifestyle destinations and The Radcliffe is an ideal fit,” says Jim Deters, CEO of Gravity Haus, Inc. “Our goal is to create unique experiences that connect our members and guests to nature and each other — Moab is an unforgettable place with countless opportunities to fulfill our mission of enabling modern adventure for everyone.”  

    Gravity Haus is more than a hotel; it’s an active and fulfilling lifestyle and membership community delivered through curated experiences, spaces, programs, and fitness offerings for today’s modern adventurer. Gravity Haus members benefit from the award-winning amenities desired by modern travelers, including:

    • StarterHaus: a modern co-working space to create and inspire alongside local and roving entrepreneurs and executives.
    • Haus Quiver: a revolutionary gear-as-service providing full-service access at the click of the Gravity Haus mobile app for bikes, SUPs, and camping gear.
    • Events & Experiences: an expert team helping you find the best-suited adventure for you and your travel companions from fully guided adventures to our Haus Guides that provide on-demand advice on where to go and what to do that best fit your needs.

    All Gravity Haus properties are available to book to non-members who can enjoy overnight stays and access to amenities at Gravity Haus Moab. Gravity Haus members receive unique benefits and discounts, including special rates that are up to 50%-off nightly hotel rates, a 25% discount on food and beverage expenses, and day-long access to all hotel amenities, plus supplementary advantages and experiences that elevate your outdoor adventures.

    Three (3) membership levels are available, starting at just $110/month for 12 months. Full membership details are available at www.gravityhaus.com/membership.

    For more information about Gravity Haus and its membership program, please visit www.gravityhaus.com or follow the brand on InstagramFacebook and LinkedIn

    About Gravity Haus

    Gravity Haus is an adventure-lifestyle hotel and membership club that enables a modern active lifestyle — the seamless merging of work, play and outdoor adventures at world-class destinations in Colorado, Utah, and California. Gravity Haus provides members and non-member guests the ability to connect with the outdoors and each other with amenities that include recovery, fitness facilities, world-class gear, and curated experiences for members and guests. Traveling like a local and feeling like an insider is part of the unique experience at Gravity Haus. 

    Source: Gravity Haus

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  • Starbucks visits spiked thanks to Pumpkin Spice Latte, research says

    Starbucks visits spiked thanks to Pumpkin Spice Latte, research says

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    Starbucks’ annual launch of its fall-themed Pumpkin Spice Latte sparked a spike in visits to the coffee giant, according to foot-traffic data from analytics company Placer.ai.  

    The Pumpkin Spice Latte, or PSL, made its return with the launch of Starbucks’
    SBUX,
    +0.19%

    fall menu on Aug. 24, marking the 20th year that the company has offered the beverage. “Starbucks excels in driving traffic to its venues during otherwise unremarkable times through recurring seasonal menus and special promotions,” wrote Placer.ai’s Head of Content Shira Petrack, in a blog post, citing the company’s “WinsDays” promotion that offered Starbucks Rewards members 50% off cold drinks ordered through the company’s app on certain Wednesdays in July and August.

    “The promotion drove traffic to the chain during the typical midweek lull and may have gotten visitors excited about the main event later in the month — the return of the Pumpkin Spice Latte,” Petrack added. “So when the fall-themed drink hit Starbucks stores on Thursday August 24th, visits spiked once more.”

    Related: Starbucks’ new CEO Laxman Narasimhan takes over. ‘The world needs Starbucks,’ Howard Schultz says.

    Petrack explained that visits to Starbucks on the Pumpkin Spice Latte launch day had been on a steady upward trend in the years leading up to the pandemic before, understandably, falling significantly in 2020. “And while the foot traffic trends improved in 2021 and 2022, Starbucks visits on the day of the PSL’s return still remained below 2018-2019 levels,” she wrote. However, this year’s fall menu rollout drove a 25.1% increase in visits on launch day, compared to 2017’s PSL drop day, marking the largest spike in recent years.

    Placer.ai also noted that on the Saturday after this year’s Pumpkin Spice Latte launch, Starbucks visits surged by 41.1%, compared with the 29.5% increase on the Saturday following the 2022 PSL launch.

    “During a period when budgets are still tight and consumer confidence is shaky, the option to splurge on an affordable treat and indulge in the comfort and nostalgia of the fall flavors may seem particularly attractive,” Petrack wrote.

    Related: Starbucks sees a big rebound in China, but results fail to impress investors

    Starbucks also launched two new seasonal beverages on Aug. 24: the Iced Apple Crisp Oatmilk Shaken Espresso and Iced Pumpkin Cream Chai Tea Latte. It also introduced a new Baked Apple Croissant. 

    The company’s stock has risen 7.7% this year, compared with the S&P 500 index’s
    SPX
    gain of 9.9%.

    Of course, Starbucks is not the only company tapping into the pumpkin-spice craze. Dunkin’ Donuts brought back its Pumpkin Spice Signature Latte on Aug. 16, a full week before Starbucks dropped its PSL.

    Related: ‘Pumpkin spice is over!’ The Starbucks PSL is back, but people are buying fewer pumpkin spice products overall.

    Further evidence of pumpkin spice mania came last month when Anheuser-Busch InBev’s Busch Beer released Pumpkin Spice Dog Brew. The non-alcoholic dog treat is made with vegetables, spices and water.

    According to market researcher NielsenIQ, sales of pumpkin-flavored retail products were $803 million for the 52-week period ending in late July 2023, an increase of almost 15% on the prior 52-week period. However, unit sales, or the actual number of pumpkin-flavored products purchased, declined 1.5% for the 52-week period ending in late July.

    Charles Passy contributed

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  • Sorry, Elon, a ‘super app’ is never going to fly in the U.S.

    Sorry, Elon, a ‘super app’ is never going to fly in the U.S.

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    “Super apps” have never truly existed in the United States, and it is apparent at this point that they never will.

    That isn’t stopping some executives and investment analysts from still dreaming of becoming one-stop shops for their users’ needs, something only a small handful of apps in Asia have managed to do. The most prominent is Elon Musk, the Tesla Inc. TSLAchief executive who purchased Twitter last year and has proclaimed that he will turn it into an “everything app” called X that resembles super apps in China.

    “I…

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  • AMC Stock Closes at a Record Low as Meme Music Fades

    AMC Stock Closes at a Record Low as Meme Music Fades

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    • Order Reprints
    • Print Article
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  • Manchester United’s stock suffers record selloff after report that sale of club is off

    Manchester United’s stock suffers record selloff after report that sale of club is off

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    The U.S.-listed shares of Manchester United PLC suffered a record beating Tuesday, after a report that the iconic English football club was set to be taken off the market.

    Manchester United MANU UK:MNL fell 18.2% on the day to log its biggest one-day selloff since the company went public in August 2012. The previous record drop was 13.8% on March 12, 2020, at the outset of the coronavirus pandemic.

    The…

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  • Zack Oates of Ovation on Building Business Connections through Digital Storytelling | Entrepreneur

    Zack Oates of Ovation on Building Business Connections through Digital Storytelling | Entrepreneur

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    Opinions expressed by Entrepreneur contributors are their own.

    Soliciting feedback from customers often seems like a daunting task. However, Zack Oates and his team at Ovation have cracked the code with a proven strategy that not only encourages guest feedback, but also establishes a personal connection for exceptional results.

    Zack Oates and the guest feedback platform Ovation have taken a radically different approach to hearing from customers, which stems from their recognition of a critical flaw in the conventional methods: It’s too hard to share feedback.

    As the CEO/founder puts it to host Shawn P. Walchef of Cali BBQ Media when meeting up at the National Restaurant Association Show: “Because the solutions are so bad, guests don’t give feedback. You miss out on over 99% of your guests’ feedback because you make it too hard to give that feedback.”

    The Ovation solution? A two-question survey, delivered via text message, that practically engages customers immediately. Think of it like a digital “table touch”

    Ovation not only makes it much easier for restaurant guests to give helpful feedback and reviews, but also establishes a personal connection that yields exceptional results.

    The simplicity, along with incentives like a chance to win a $100 gift card, encourages participation.

    This accessible and innovative approach, coupled with Ovation’s integration with various platforms like the Toast POS, has opened up valuable channels for direct engagement. Oates emphasizes that their strategy not only garners feedback but also nurtures customer relationships, which is vital to Ovation’s success.

    A human touch working in harmony with technology remains the key to unlocking true customer loyalty, Oates says. Though he recognizes the convenience of technology, he stands firm in the idea that consistency lays the foundation, and that the pinnacle of loyalty is achieved through genuine connection.

    “At the end of the day, regardless of how much technology is in between you and I, it’s about that human connection.” says Zack Oates.

    This approach creates a deep connection and enhances personalized engagement, which not only drives loyalty, but also drives revenue by drastically reducing Ovation cancellation.

    “Nobody cancels Ovation.” the CEO proudly proclaims.

    Oates acknowledges that his strengths lie in building genuine relationships through real digital storytelling rather than orchestrating investor hype. Instead of pursuing a multitude of investors, Ovation seeks the best investors for them. Those are people who share a vision and values and echo the same principle that underlines the Ovation approach to customer relationships.

    “I’m not great at pitting one investor against the other and getting the valuation up,” admits Oates. “The way that I look at it is when you’re able to tell your story, then you’re able to connect to that person.”

    In a landscape often dominated by complex strategies and high-pressure plays, Ovation stands as a testament to the strength of simple connection and authenticity.

    By creating an environment where customers are empowered to share their thoughts and are met with genuine interest, Ovation has not only found the elixir for consistent feedback, but has also unlocked the key to customer loyalty.

    Through their approach, Ovation has shown that technology is necessary, but it’s the human connections that truly make a lasting impact.

    ***

    ABOUT RESTAURANT INFLUENCERS:

    Restaurant Influencers is brought to you by Toast, the powerful restaurant point of sale and management system that helps restaurants improve operations, increase sales and create a better guest experience.

    Toast — Powering Successful Restaurants. Learn more about Toast.

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    Shawn P. Walchef

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  • Airbnb, Blackstone to join S&P 500, while Deere will replace Walgreens in S&P 100

    Airbnb, Blackstone to join S&P 500, while Deere will replace Walgreens in S&P 100

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    Shares of investment giant Blackstone Inc. and vacation-home rental platform Airbnb Inc. rallied after hours on Friday after both won the nod to join the S&P 500 index
    SPX
    later this month.

    The announcement, from S&P Dow Jones Indices, said that the change would take hold before the start of trading on Monday, Sept. 18. The move, among others announced Friday, will “ensure each index is more representative of its market-capitalization range,” according to a release.

    Airbnb
    ABNB,
    +0.87%

    currently has a market value of $83.98 billion, and its shares are up 64.7% so far this year. Blackstone
    BX,
    -1.77%
    ,
    currently worth $129.29 billion, has seen its stock rise 43.6% year-to-date.

    Shares of Airbnb and Blackstone were up 5.7% and 4.8%, respectively, after hours on Friday.

    Blackstone and Airbnb will replace Lincoln National Corp.
    LNC,
    +2.14%

    and Newell Brands Inc.
    NWL,
    +1.23%

    in the index, S&P Dow Jones Indices said on Friday. In the process, Lincoln and Newell will join the S&P SmallCap 600.

    Blackstone in July said it had reached $1 trillion in assets under management, aided by a growth trajectory that it said had outpaced its private equity rivals.

    “We’ve established an unparalleled global platform of leading business lines, offering over 70 distinct investment strategies,” Chief Executive Stephen Schwarzman told analysts. “We believe our clients view us as the gold standard in alternative asset management.”

    Meanwhile, Airbnb last month said that travelers were seeking longer stays and bigger properties in pricier areas, as the rebound in travel endures despite a tidal wave of inflation last year. The company’s second-quarter results and third-quarter sales forecast topped Wall Street’s estimates.

    Meanwhile, S&P 500 member Deere & Co.
    DE,
    +1.94%

    will replace Walgreens Boots Alliance Inc.
    WBA,
    -7.43%

    in the S&P 100, S&P Dow Jones Indices said on Friday. That change also takes hold on Sept. 18. S&P Dow Jones Indices said Walgreens “is no longer representative of the megacap market space” but will stay in the S&P 500.

    Shares of Deere fell 0.2% after hours. Walgreens stock was up 0.4%.

    Don’t miss: Walgreens CEO Roz Brewer steps down with stock at decade-and-a-half low

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