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.

Share:
More In Culture
On the Scene: Listening to Classical Music in the Green-Wood Cemetery Catacombs
Classical music concerts have been popular since the age of Beethoven, Bach, and Mozart, but you've probably never thought about attending one in a cemetery. Our own Chloe Aiello spoke with Andrew Ousley, founder of Death of Classical, to learn more about a concert series held in the catacombs of the Green-Wood Cemetery in Brooklyn.
Walk and Talk With 'Fresh Face of Fashion' Madhulika Sharma
You may not know her name, but you've probably seen her face. Madhulika Sharma has graced Vogue India and ELLE Magazine and modeled for popular brands such as Reformation and Skims. Cheddar's own Hena Doba spoke with Sharma to discuss her globe-spanning modeling career, her education in fashion history, and working alongside Kim Kardashian.
First Nonbinary Actors Win Tonys in Writerless Awards Show
The intimate, funny-sad musical “Kimberly Akimbo” nudged aside more splashier rivals on Sunday to win the best new musical crown at the Tony Awards on a night when Broadway flexed its muscle in the face of Hollywood writers’ strike and fully embraced trans-rights with history-making winners.
Worshippers Hear a New Preacher: PastorGPT
The ChatGPT chatbot, personified by different avatars on a huge screen above the altar, led the more than 300 people through 40 minutes of prayer, music, sermons and blessings.
Load More