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 Supreme Court will be hearing arguments in Dobbs v. Jackson Women's Health on Wednesday over a Mississippi law banning abortions after 15 weeks. Jimmy Hoover, the Supreme Court editor-at-large for Law360, joined Cheddar to break down the momentous legal fight. "This is the biggest abortion case at the Supreme Court in 30 years," he said. "It is a … a direct challenge to Roe v. Wade."
In recent years, extreme weather events like flooding and wildfires have become more frequent, and more severe - and scientists say global warming is to blame. Climate crises could leave people in need of help, and that's where Global Rescue steps in. The crisis response firm employs former Navy Seals and Army Rangers to rescue travelers from climate-related emergencies. Global Rescue CEO Dan Richards joins Cheddar Climate to discuss.
Cloud-based AI-powered writing assistant Grammarly recently raised $200 million in a funding round that values the company at $13 billion. The funding will be used to help Grammarly achieve its goal of becoming more ubiquitous, as the company says it wants to be the go-to writing assistant for wherever people type. Grammarly also says it aims to solve what it calls one of the most critical problems facing people and businesses today -- ineffective communication. Grammarly global head of product Rahul Roy-Chowdhury joins Cheddar News' Closing Bell to discuss.
Jennifer Lotito, president and COO at the non-profit (RED), joined Cheddar to discuss the CODE (RED) campaign as the organization looks to expand its mission to support both AIDS and COVID-19 relief. She explained that people can get involved in the campaign for Giving Tuesday and ahead of World AIDS Day by shopping (RED) branded products and even using credit card rewards points to add their own support. Lotito also pointed out that COVID-19 has also impacted HIV testing as people avoid clinics out of fear of the other pandemic.
The Movember Foundation is celebrating the end of Movember, the annual fundraising event that involves the growing of moustaches as a way to draw attention to men's health issues, including suicide prevention and prostate cancer. Mark Hedstrom, the U.S. executive director for the Movember Foundation, joined Cheddar to discuss the organization's goals and the fundraising partnerships it's secured. He also talked about normalizing conversations around men's mental health.
On this episode of Cheddar Reveals, Dr. Dorothy Kim, Assistant Professor of Medieval Literature at Brandeis University, discusses the roots that modern-day white supremacy has in Viking history, despite its many factual inaccuracies; Vikings are often misunderstood and while their brutality is what's shown in popular culture, there are many misconceptions about who they really were. Philip Parker, Historian and author of 'The Northmen's Fury', helps break down the true Viking history.; Cheddar gets a look at Curiosity Stream's 'Viking Women.'
Dr. Dorothy Kim, Assistant Professor of Medieval Literature at Brandeis University, joins Cheddar Reveals to discuss the roots that modern-day white supremacy has in Viking history, despite its many factual inaccuracies.
Vikings are often misunderstood and while their brutality is what's shown in popular culture, there are many misconceptions about who they really were. Philip Parker, Historian and author of 'The Northmen's Fury', joins Cheddar Reveals to break down the true Viking history.
