Good morning. Staples Center, home to LeBron James and the Los Angeles Lakers, will be renamed Crypto.com Arena after a Singapore-based cryptocurrency brokerage paid to sponsor the iconic sports and concert venue.

The arena’s owner, AEG Worldwide, said it struck a 20-year naming rights agreement with Crypto.com, Anna Hirtenstein reports. The name change would be effective from Dec. 25, just as the Lakers host the Brooklyn Nets for a nationally televised Christmas Day game.

The deal is the latest attempt by the upstart cryptocurrency industry to gain mainstream recognition.

The U.S. affiliate of crypto exchange FTX has taken over the naming rights for the arena where the NBA’s Miami Heat play and backed a $20 million ad campaign featuring Tom Brady and Gisele Bündchen.

American consumers withstood rising inflation to power a strong start to the holiday shopping season, with big retailers reporting higher sales and expectations for a solid finish to the year.

Sales at U.S. retail stores, online sellers and restaurants rose by a seasonally adjusted 1.7% in October compared with the previous month, Gabriel T. Rubin writes.

Still, the supply-chain jam is making its stubborn presence known.

Online shopping has dominated the early days of the holiday retail rush, but that is expected to shift to in-store shopping as the holidays get closer and customers try to avoid shipping delays.

And some gift-givers may choose to opt out of material gifts altogether.

More holiday data points: 

• Target and Walmart each reported higher sales in the latest quarter as consumers shopped early for the winter holidays, the Journal reports.
• Both also said they had been able to stock up on inventory ahead of Black Friday, highlighting large companies’ ability to work around supply-chain snarls better than their smaller competitors.

Nike is putting off the introduction of a sneaker collaboration with Travis Scott following the disaster this month at the rapper’s Astroworld Festival, where 10 people died and dozens were injured.

“Out of respect for everyone impacted by the tragic events at the Astroworld Festival, we are postponing the launch of the Air Max 1 x Cactus Jack,” Nike said in a statement.

Mr. Scott has been named in several lawsuits along with others involved in organizing the show, including Live Nation, the world’s largest concert-promotion company and owner of the Astroworld Festival’s promoter.

Mr. Scott’s lawyers have said the rapper didn’t know what was happening in the crowd of more than 50,000 fans at his show.

Characters from the forthcoming fantasy series “The Wheel of Time” on Amazon’s Prime Video appear to emerge from huge video billboards in cities including New York, Paris and Madrid. (Adweek)

Papa John’s introduced a new logo and a new pizza-shop design. (QSR Magazine) 

Dick’s Sporting Goods is trying to use data from its loyalty program to target its shoppers in real time. (Modern Retail)

Miramax sued Quentin Tarantino over his plans to auction off NFTs related to “Pulp Fiction.” (WSJ)

Mattel made Thomas the Tank Engine available as a celebrity for hire on Cameo. (Marketing Brew)