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.
Nicki Minaj just reached a milestone that no other woman in rap has reached.
Jack Harlow is making his way to the Metaverse, as the rapper is set to perform a VR concert that will be accompanied by a documentary.
A Utah mother of six who gave parenting advice via a once-popular YouTube channel called “8 Passengers” has pleaded guilty to four counts of aggravated child abuse for abusing and starving two of her children.
During an appearance on The Tonight Show, Jessica Chastain recalled a time when Taylor Swift emailed her a curated breakup playlist.
Nicola founder Trevor Milton is set to be sentenced in a New York Court on three charges related to defrauding investors.
Pope Francis has formally approved allowing priests to bless same-sex couples.
Vogue magazine shared an extensive list of the top memes this year.
Ben Zoffness, founder of Zoffness College Prep, shares some creative tips to keep kids' minds on learning during winter break.
The Metropolitan Museum of Art announced on Friday it will return 16 ancient items to Cambodia and Thailand.
Actor and chef David Burtka tells us about the best part of the holiday season with husband Neil Patrick Harris and their family. Plus: a very special jam collaboration between the couple and Beth's Farm Kitchen that will benefit City Harvest.
