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.
Misty Gaither, Senior Director, Global Head of Diversity, Inclusion & Belonging at Indeed, joins Cheddar Wellness to discuss some of the top motivating factors for job switchers, and advice for finding a fulfilling, long-lasting job.
In light of the omicron variant's rapid spread, Fox has canceled its live "New Year's Eve Toast & Roast 2022" that was to have been hosted by Joel McHale and Ken Jeong.
According to the FAA, airlines have reported over 5,000 incidents involving unruly passengers this year, with more than 3,600 of those involving people who refused to wear face masks. As a result of all this, airline crews are calling on the federal government to step in to implement protocols to help ensure safety on the ground and while in flight. President of the Association of Flight Attendants- CWA Sara Nelson, joined Cheddar to discuss more.
Schools are shutting down in droves as the highly contagious omicron variant surges across the country. Denisha Merriweather, director of public relations and content marketing at the American Federation for Children, an advocacy organization for vouchers and tax credits for school choice, joined Cheddar's "Opening Bell" to discuss the impact of remote learning on children. She argued that school districts have to be more proactive about the steps they are taking to engage students, and if they are unable to form better teaching methods, parents should be able to find alternative schools.
J.D. Durkin breaks down the season three finale of HBO's 'Succession', and reveals whose stock is up, whose is down, and who is the final 'Boar on the Floor' of the year.
The boys discuss President Biden's plans to send out free rapid tests as the testing supply chain starts to buckle ahead of the holidays. Also, why aren't Americans having more babies, and The Matrix returns.
Howard Yu, LEGO professor of management and innovation at IMD Business School and author of "Leap: How to Thrive in a World Where Everything Can Be Copied," joined Cheddar to discuss the mania surrounding the concept of the metaverse. He particularly noted how companies in the retailing sector like Nike are leveraging it. "I think metaverse really opens up a window for brands to think about how can they, ongoing-wise, engage with the consumer, engage with the target audience, so their brand continues to stay refreshed in the changing environment," Yu said.
Sophia Bush has a lot going on these days. She plays the title role in a new CBS medical drama, "Good Sam," which premieres onJanuary 5. She and former "One Tree Hill" co-stars Hilarie Burton-Morgan and Bethany Joy Lenz do a weekly podcast called "Drama Queens." Plus, she is working with Lenovo on a conservation initiative called Work for Humankind on Robinson Crusoe Island, off the coast of Chile. "I feel like I've been trying to convince big brands to do work like this forever, and Lenovo said, 'We're in!' And now this incredible conservation group and a local community will be supported by people who believe in purposeful travel, purposeful work," she told Cheddar.
