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.
Patricia Napier-Fitzpatrick, president of The Etiquette School of New York, shares some tipping tips so that you don't come off as a Scrooge.
Sam Raimondi shows you how to make a beautiful rustic wreath for the holiday season.
Marissa Silva, editor-in-chief of The Toy Insider, joined Cheddar News to provide gift ideas for your furry loved ones ahead of the holidays.
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Barbara Streisand will receive the Lifetime Achievement Award at next year's SAG Awards.
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Nicki Minaj revealed that she turned down a request from Kanye West to clear her verse so he could release her collaboration.
Peacock shared the trailer for the second season of the celebrity competition show, 'The Traitors.'
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A giant panda at the Beijing Zoo had a lot of fun playing in the snow this week.
