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.
Be Well: How These Beauty and Home Care Hacks Can Save You Money
Animal care shelters in New York City are reaching capacity. Cheddar News spoke to the director of Animal Care Centers of NYC, the largest in the city, who said it's been the worst she's seen in years. The shelter said it's seen a 20% spike in animals.
Charitable giving declined in 2022 for only the fourth time in the past four decades. Inflation and cost of living are believed to be the key factors behind the drop.
With summer officially here, parents are looking for seasonal camps for their children to keep them busy and experience the great outdoors. Cheddar News spoke with two mothers about the best way to prepare as kids set off for camp and activities.
Chef John Fraser, who owns restaurants in New York, California and Florida, is giving back to restaurant workers with a new initiative called "The Industry Table," which provides hospitality employees the chance to eat at restaurants at cost. Chef Fraser explained the program to Cheddar News.
Chef John Fraser, a three-time Michelin Star recipient and founder of JF Restaurants, joined Cheddar News from La Marchande to cook up a breakfast dish and discuss his favorites in the kitchen.
PWC Forecasts Entertainment and Media Market
Andrew Tate, a social media personality known for expressing misogynistic views online, was charged in Romania with rape, human trafficking and forming a criminal gang to exploit women, prosecutors said Tuesday.
From Trevor Noah's new podcast to the statue Adele demanded, here's what's happening in entertainment.
Travel expert and author Sarah Dandashy offers some tips on how to troubleshoot your vacation when things don't go as planned.
