Bloomberg View columnist Barry Ritholtz looks at the people and ideas that shape markets, investing and business.
If the only thing you know about sports is who wins and who loses, you are missing the highest stakes action of all. The business owners that power this multibillion dollar industry are changing, and a new era of the business of sports is underway. From media and technology to finance and real estate, leagues and teams across the globe have matured into far more than just back page entertainment. And the decisions they make have huge consequences, not just for the bottom line, but for communities, cities, even entire countries.
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Heavy promotions have been retail’s main strategy to clear excess stock. It’s time for a rethink as sales fatigue sets in.
There’s still a sale on near you.
With the festivities done, we are clearly in hangover territory.
Retailers, who cheered shoppers on with months of holiday-themed discounts, have moved on to post-festival sales and warnings of austerity to come. The restrained, if resilient, consumer is here to stay.