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.
Dylan Sprouse and Virginia Gardner joined Cheddar News to discuss their new movie, 'Beautiful Disaster,' a new romance based on the 2012 New York Times best-selling self-published novel by Jamie McGuire.
Disney+ will premier a new action-comedy series called 'American Born Chinese' that debuts in May and is based on the novel by Gene Luen Yang. The series creator, Kevin Yu, along with actors Chin Han and Ben Wang joined Cheddar News to discuss how they became involved with the project and what the series brings.
Danny Taing, founder and CEO of Bokksu, joined Cheddar News to discuss his path on how he became an entrepreneur to launch a company that delivers artisanal Japanese snacks. "When I moved back from Japan to New York, I had this bit of reverse culture shock ... a lot of people had somewhat of a one-dimensional view of Japan ... they saw this country where people ate sushi every day ... none of that is true," he said.
Carrie Fisher received a star on the Hollywood Walk of Fame on Tuesday, a May the Fourth tribute to a beloved “Star Wars” actor that had a touch of stardust.
A jury has concluded that British singer Ed Sheeran's hit song “Thinking Out Loud” didn't copy key components of Marvin Gaye's classic tune “Let's Get It On.”
