Cheddar Afternoon News Briefings of May 25th

News Briefings

This is your daily news briefing from Cheddar news right to the Super Bowl halftime show are up for grabs after Pepsi's 10 year deal with the NFL expired following this year's Super Bowl. However, the two sides are still renewing their sponsorship deal. The NFL is reportedly looking for around $50 million for rights to the Super Bowl halftime show. Dick's sporting goods, reporting solid sales in the first quarter. As shoppers spent more money on sports apparel and gear from brands like Nike and Adidas in the quarter, however, the company gave weaker outlook for the full year saying inflation and supply chain issues will likely weigh on near term sales. Nordstrom though, posting a beat on revenue in the first quarter and giving investors a better outlook for the year. Nordstrom also announced it will move its close, it will move to close the trunk club business, a platform similar to stitch fix that helps users develop and identify their personal style and that's your cheddar news update. I'm Alicia Nevaeh's in new york