Businessman loses $400,000 in bet against white Christmas

A North Carolina jewelry store owner made a $400,000 bet against a white Christmas — and lost. Alan Perry, owner of Perry’s Emporium in Wilmington, promised refunds for everything bought at his store between Nov. 26 and Dec. 11 if more than 3 inches of snow fell in Asheville on Christmas Day. There was more than 6 inches. Perry said the total payout for customers will be around $400,000.

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