This holiday season seemed to be in favor of the luxury retail brands. Tapestry and Michael Kors reported better-than-expected earnings last week. Melissa Armo, Owner of The Stock Swoosh and Melissa Gonzalez, CEO & Founder of The Lionesque Group, join The Long and The Short to discuss trends in the luxury market.
Tapestry credits the boost in sales to its Coach brand. Sales rose 2% to $1.23 billion last quarter. In order to get Coach back on track Tapestry cut flash sales and discounts, bringing it back to its luxury roots. Many believe it should do the same thing for its struggle division of Kate Spade. Kate Spade's global same-store sales fell 7% last quarter.
Plus, Michael Kors is making a comeback. Sales rose over 6% last quarter after trimming back promotions and expanding its footwear collection. However, Armo still isn't impressed with the company. She's disappointed the stock dropped so heavily right after earnings and is still concerned about its ability to get people into the store.
Gina Boehler, founder and executive director of Korean Canine Rescue, joined Cheddar News to discuss how her foundation helps bring dogs from South Korea to the U.S. and how animal passion has changed her.
A limo driver in Connecticut said his life was transformed by an eight-year-old child because of his giving spirit.
Cheddar News observes the Americans With Disabilities Act, which was signed 33 years ago, and tells the story of a disabled Brooklyn man plying his trade at a local CVS.
A prisoner receiving medical treatment escaped from a New York City hospital by tying sheets together, rappelling from a fifth-floor window and hailing a taxi, police said.
From the next Taylor Swift re-release to Phil Mickelson gambling allegations, here's what's happening in entertainment.
Wondering what to watch this weekend? Get ready for football season, enjoy a cartoon binge, or remember a singer who was wise beyond his years.
Peacock is seeing big success from its original series, 'Twisted Metal.'
'Joy Ride' will be available on Apple and Amazon to stream.
Lorde has been teasing new music.
Taylor Swift announced the release date of the re-recording of '1989 (Taylor's Version).'
