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.
Jeopardy! had to change up the top of its list of consecutive games winners after contestant Matt Amodio won his 33rd straight game. Amodio, who passed former champ James Holzhauer, is now only second to 2004's 74-win-streak champ Ken Jennings and has so far collected $1.26 million.
In celebration of Hispanic Heritage Month, Cheddar is highlighting Flor de Maria Rivera and her eponymous shoe line Flor de Maria. She joined Cheddar’s "Closing Bell” to talk about her rise in the shoe industry and the cultural influences of her background that inspired various shoe designs. "If you stay consistent, if you work hard, you follow your dreams, if you work extremely hard, then you can pretty much accomplish anything you want," the entrepreneur and immigrant from Peru said.
Netflix is riding high on the success of the new series from South Korea, “Squid Game,” after it hit number one in more than 90 countries. The brutal drama about down-on-their-luck people competing in a series of violent kids' games, could become the streaming platform’s biggest hit in its history.
Jeff Bezos' space travel company Blue Origin is under fire after a group of 20 current and former employees signed a letter to the FAA claiming safety violations that were detailed along with accusations of sexual harassment.
Charlie Javice, Founder of Frank, joins ChedHER to discuss everything you should have prepared when you go to fill out your FAFSA, and how its acquisition by JPMorgan Chase is going to help reach more students.
Makena Kelly, Politics reporter at The Verge, joined Cheddar News to break down Thursday's congressional testimony from Facebook's global head of security, as the company comes under fire for its plans to attract kids.
