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.
Jay-Z's Roc Nation is teaming up with The Reform Alliance to host a job fair at Madison Square Garden later this week. The event is aimed at helping disadvantaged people in NYC, including single parents and the formerly incarcerated, get jobs in the city. Participating companies include Zara, Amazon, Live Nation, VICE, and a slew of others. Dania Diaz, Managing Director, Roc Nation, joined Cheddar's Opening Bell to discuss what attendees can expect.
Cases of covid-19 are climbing in the Upper Midwest, Southwest, and parts of the Northeast. The seven-day national average is sitting at roughly 82,000 new cases which is an 11 percent jump from the week before. Dr. Amesh Adalja, Infectious Disease, Specialist, Sr. Scholar at Johns Hopkins Center for Health Security joined Cheddar's Opening Bell to discuss this recent uptick ahead of the holiday season.
Jill is joined by Baker Machado to talk all things infrastructure: where will the money go and who’s in charge? Plus, Sesame Street has its first Asian-American muppet. And a trailer for the trailer for Spiderman. Huh?
New York has always been home to some of the world’s tallest towers, but in the last 10 years the city has seen an influx of super skinny buildings towering over Central Park, built exclusively for the ultra-rich. With demand for luxury high-rise vistas being higher than ever, building developers are using every zoning opportunity they can to push height limits – and there’s one loophole that’s helping make that happen.
Ignacio Meyer, Executive Vice President of Music and Non-Scripted Entertainment at Univision, joins Cheddar News to preview the 22nd Annual Latin Grammy Awards.
Even prior to the pandemic, the United States had already been seeing a shortage of qualified teachers staffing its schools, but COVID-19 stress added to the burdens educators faced leading to burnout and early retirements. Steve M. Matthews, superintendent of the Novi Community School District in Michigan, joined Cheddar to discuss the lack of available teachers to keep kids educated. "I think the pandemic just exacerbated some of the issues and kind of pushed the momentum forward for a teacher shortage," he said.
According to ValuePenguin survey, 45% of insured Americans are considering health insurance changes during open enrollment. Derrick Kinney, Host of the 'Good Money' podcast, joins Cheddar to break down everything you need to know about open enrollment, and how inflation is having an impact on health insurance.
Ahsaki LaFrance-Chachere, Founder of Ah-Shí Beauty, joins Cheddar to discuss what inspired her to launch this beauty brand, how the brand is staying true to her tribe's culture and traditions, and what makes it stand out in the crowded beauty space.
