Nick Rellas, co-founder and CEO of Drizly, reveals some interesting statistics about alcohol consumption during the Super Bowl. Drizly is an alcohol e-commerce platform.
Rellas says during Super Bowl week there's a 45% increase in domestic light beer purchases. More than half of drinkers prefer local craft beers over major brands.
While Drizly is not currently profitable, Rellas explains he expects to be within the next year. He says consumers are just beginning to realize that ordering alcohol online is an option. Drizly has seen 15% growth each week for the last 48 months.
Ahead of the release of October's consumer inflation data Tuesday, you may notice changes from the Bureau of Labor Statistics. When it comes to how it estimates health insurance costs, the move is expected to give a boost to the U.S. inflation measure which will reverse a trend that has provided some relief.
A handful of retailers will report earnings this week, including Home Depot, Target, Walmart and Macy's, as gas prices peaked in September to the end of this latest quarter while borrowing costs remain at their highest levels in decades.
The largest South American airline altered its travel policy because Taylor Swift was supposed to perform in Argentina's capital on Friday but moved the date to Sunday because of inclement weather.
