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.
Hollywood Actors Guild Vote to Authorize Strike Amid Ongoing Writers Strike
From Jake Paul's next big swing to the possible return of Meredith Grey, here's what's happening in entertainment.
It was a rare sight — a senior British royal testifying in a court of law. What Prince Harry said, both during cross-examination in the witness box Tuesday and in his written witness statement, was just as unusual.
If your summer could use a pop of color, look no further than fashion brand Never Fully Dressed, which is opening its first permanent U.S. store right here in New York City. Cheddar News correspondent Chloe Aiello is on the scene with founder Lucy Aylen.
Creating the 'Barbie' set took a lot of pink paint, so much pink paint that it wiped out one company's entire global supply of it.
The bodies of three men have been removed from the site of a collapsed six-story apartment building in Davenport, Iowa, about a week after part of the century-old structure tumbled to the ground, the city's police chief announced Monday.
From Superman NFTs to a 'Hocus Pocus' trilogy, here are your top entertainment headlines.
In celebration of Pride Month, Cheddar News anchor Baker Machado visited the Stonewall Inn in New York City and sat down with owner Stacy Lentz to talk about the historic events that took place at the bar more than 50 years ago.
The Writers Guild of America has confirmed plans for a strike action at the Apple HQ in Cupertino, CA on Monday, as the tech giant kicks off its Worldwide Developers Conference.
Ticket sales surpassed already lofty expectations for the sequel to the Oscar-winning Inside the Spider-Verse.
