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.
Corey Calliet, celebrity fitness trainer and creator of ACHV Fitness, joined Cheddar News to give an insightful look into training movie stars recently and provide some tips to build a good physique with his new app.
It was a night to celebrate for the stars of “Everything Everywhere All at Once" as it becomes the biggest movie in the awards multiverse. It took a long while for all the cast members to gather in the press room at the Screen Actors Guild Awards, where they won best ensemble to go with individual awards for Michelle Yeoh, Key Huy Quan and Jamie Lee Curtis.
The creator of the Dilbert comic strip faced a backlash of cancellations Saturday while defending remarks describing people who are Black as members of “a hate group” from which white people should “get away.”
Angela Bassett won entertainer of the year at Saturday's NAACP Image Awards on a night that also saw her take home an acting trophy for the television series “9-1-1.”
Publisher Penguin Random House says it will publish “classic” unexpurgated versions of Roald Dahl’s children’s novels, after criticism of cuts and rewrites intended to make the books suitable for modern readers.
