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 anchor Hena Doba joins Fern Mallis, founder of New York Fashion Week, for a walk-and-talk touching on the origins of the weeklong event and how it became one of the biggest celebrations of fashion in the world.
Ralph Yarl — a Black teenager who was shot in the head and arm after mistakenly ringing the wrong doorbell — walked at a brain injury awareness event in his first major public appearance since the shooting.
With high expectations, Disney's live-action remake of The Little Mermaid did anything but flounder at the box office.
Tenzing Norgay, who shares the honor of first ascent with a New Zealander he guided, was honored with Kami Rita, who submitted the mountain for the 28th time this summer, and Sanu Sherpa, who has twice climbed all of the world's 14 highest peaks.
Opponents say it will harm seaweed, desecrate ancient Hawaiian remains, and waste water.
The deaths of two horses over the weekend join 10 others within the last month at the home of the Kentucky Derby.
Lionsgate confirmed that it's working on another John Wick movie.
StubHub has compiled a list of the top 10 most in-demand concerts for the summer season, with Taylor Swift, Beyonce, Morgan Wallen, Bruce Springsteen and Coldplay rounding out the top five.
The federal government is giving away for free some historic lighthouses and is also auctioning some of them off too.
Due to hospitalization after a go-karting accident, this Missouri teen thought he would miss his high school graduation. Then his school decided to bring the ceremony to him.
