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.
Digit Murphy, President of the professional women's ice hockey team Metropolitan Riveters, joins Cheddar News' Hena Doba on a walk and talk to talk about how she's re-imagining the hockey experience for fans and players, and why it's critical to invest in women's sports.
It's been a year since the 2022 Oscars' slap heard 'round the world, and the recipient of said slap, comedian Chris Rock, has finally addressed the infamous moment in a stand up special for Netflix.
Collectables brand Funko Pop! is struggling to off load inventory and now plans to eliminate approximately $30 million to $36 million dollars worth of product.
Creed III knocked out its competition at the box office this weekend and became the reigning champ of its own franchise, beating out its two predecessors and pulling off the highest ever debut for a sports movie.
