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's own Shannon LaNier reports from the world premiere of Disney's live action remake of The Little Mermaid, starring Hallie Bailey as Ariel.
Actress Scarlett Johansson is opening up to Variety about her legal battle against Disney. The actress filed a lawsuit against the entertainment giant back in 2021 over the decision to release Black Widow in theaters and streaming at the same time, a move she says hurt the film's box office potential.
Actor Jonathan Majors was confronted Tuesday with a revised domestic violence charge stemming from a woman’s allegations that the Marvel star twisted her arm, struck her head and shoved her into a vehicle in New York City in March.
A petit basset griffon Vendéen named for Buddy Holly won best in show at the Westminster Kennel Club dog show Tuesday night.
A woman's love of music and singing was passed down to a special member of her family - her dog. Now they're singing duets together.
The 147th annual Westminster Kennel Club Dog Show kicked off Tuesday at the Billie Jean King National Tennis Center. Cheddar News went behind the scenes to see how dogs and their handlers have prepared for this moment.
The top entertainment headlines for May 9, 2023.
Singer and YouTube star Dani Apple taught her dog, Clarence, a special trick: singing along with her while she's rehearsing.
'Guardians of the Galaxy Vol. 3' brought in $114 million domestically in its box-office debut in North America.
The top entertainment headlines for May 8, 2023.
