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.
All week long, Cheddar's own Shannon Lanier is giving you ideas on how to have fun without going too far from home. In this segment, he's creating a water park in his backyard and speaking with Jackie Cucco, senior editor at The Toy Insider, about some of the best products out there to make this a reality.
A little girl in Ireland born with spina bifida got a surprise from her family.
Over 1,400 props from classic movies like Star Wars, Shawshank Redemption and Gladiator will be up for auction next month in what experts say will be one of the largest memorabilia auctions in the world.
From reality TV's newest pop star to Margot Robbie's very pink gifts, here are your top entertainment headlines.
Tina Turner, the unstoppable singer and stage performer who teamed with husband Ike Turner for a dynamic run of hit records and live shows in the 1960s and ‘70s and survived her horrifying marriage to triumph in middle age with the chart-topping "What's Love Got to Do With It," has died at 83.
Rapper Fetty Wap was sentenced to six years in federal prison on Wednesday for his role in a New York-based drug-trafficking scheme.
The daughters of Cheddar's own Shannon LaNier had a chance to interview Halle Bailey, who plays Ariel in Disney's live-action remake of The Little Mermaid.
MTV has announced the Video Music Awards will be held this September in New Jersey.
A London judge rejected Prince Harry's bid to pay for his own police protection Tuesday, denying the royal's request to challenge the U.K. government in court.
In entertainment today, De Niro's getting tips and Netflix is going to make us all pay.
