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.
Cheddar News checked in from Staten Island to learn more about the Lenape people and how they lived before the Dutch settled in. Luke G. Boyd, director of education and public programs of Historic Richmond Town, discussed their story and showed their typical dwellings.
Elon Musk said his cage fight against Mark Zuckerberg will stream on 'X,' the app formerly known as Twitter.
Restaurant Week in New York City continues through Aug. 20 and Cheddar News checked out some of the most delicious and inspirational dishes at Dagon Restaurant, a Mediterranean-style eatery known for its exquisite cuisine and led by Chef Ari Bokovza.
Greta Gerwig's 'Barbie' movie has reached $1 billion in sales at the box office.
Dungeons & Dragons is updating its artists' guidelines and said illustrators will no longer work with artificial intelligence.
Luke G. Boyd, director of education and public programs of Historic Richmond Town, spoke with Cheddar News about Voorlezer's House in Staten Island, NY, the site of one of the oldest schoolhouses in the country. The historic building, which was built around the 1700s, and Boyd explained the history behind the schoolhouse.
After no big winner Friday night, the Mega Millions jackpot climbed to an estimated $1.55 billion.
Because no one matched all six numbers and won the estimated $1.35 billion jackpot, the top prize increased to $1.55 billion for the next drawing Tuesday night.
In just three weeks in theaters, “Barbie” is set to sail past $1 billion in global ticket sales, breaking a record for female directors that was previously held by Patty Jenkins, who helmed “Wonder Woman.”
Social media influencer Kai Cenat is facing charges of inciting a riot and promoting an unlawful gathering in New York City, after the online streamer drew thousands of his followers, many of them teenagers, with promises of giving away electronics, including a new PlayStation.
