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.
Stars of the Netflix's "Shadow and Bone" series stopped by Cheddquarters this week to talk about season 2 of the series.
On this episode of ChedHER: Ooshma Garg, CEO of Gobble and Sunbasket, breaks down how she found her entrepreneurial spirit, and gives advice for successfully scaling and growing a business; Chastity Lord, President and CEO of the Jeremiah Program, explains how she's disrupting the poverty cycle for single moms and their children; Dina Grilo, Vice President, DEI Lead for Office of Disability Inclusion at JPMorgan Chase & Co., explains how the firm is encouraging women with disabilities to seek office; Jess Berger, Founder and CEO of Bundle x Joy, talks about her $1 million seed raise that made her the first Latina in the pet care space to raise that amount.
Lawyers for Prince Harry have asked a judge to rule that a tabloid newspaper libeled the British royal with an article about his quest for police protection when he and his family visit the U.K.
The top entertainment headlines for March 17, 2023.
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A 16-year-old singer, Faith Cochrane, landed the lead role in "Mama I Want to Sing" for the musical's 40th-anniversary return to the stage.
The French Bulldog is the most popular breed in the country, according to data by the American Kennel Club.
Pete Davidson's Peacock series "Bupkis" is set to premiere in May and includes Joe Pesci and Edie Falco.
Cheddar recs "Power Book II: Ghost," "Theo Von: Regular People," "Creed II," "I Think You Should Leave," and "In Our Time" podcast.
The top entertainment headlines for March 16, 2023.
