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.
The fatal stabbing of a Catholic priest inside the church rectory where he lived has rocked the eastern Nebraska community of Fort Calhoun, a one-stoplight town where people tend not to worry if they forget to lock their doors at night.
Tuesday night is the sixth night of Hanukkah and to celebrate the occasion. Chef and TV personality Melanie Shurka joined Cheddar News to prepare latkes, a Hanukkah staple, along with other favorites.
Mariah Carey's "All I Want for Christmas Is You" has reached No. 1 on Billboard's Hot 100 chart the past four years in a row and it's reasonable to assume 2023 will be no different.
A person of interest has been arrested in connection with the fatal stabbing of a Detroit synagogue leader whose death after the start of the Israel-Hamas war prompted speculation the slaying could have been the result of antisemitism.
