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.
After two years of the pandemic kids are ready to enjoy the outdoors again with their favorite toys. Cheddar News speaks with Laurie Schacht, Chief Toy Officer at Toy Insider on how to entertain your kids with the latest, and greatest gadgets.
Summer is around the corner and for the latest trends Cheddar News speaks with Tiffany Reid, Senior Vice President of Fashion at Bustle, on how to look fashionable at your next summer soiree.
The long-anticipated jury verdict in the Johnny Depp defamation case against Amber Heard found for Depp, awarding him $15 million in damages. Heard, however, also received a $2 million award in a counterclaim.
The school district police chief who served as on-site commander during last week’s deadly shooting in Uvalde, Texas, says he’s talking daily with investigators, contradicting claims from state law enforcement that he has stopped cooperating.
Thousands of foster children throughout the country are constantly put at risk, with many of them constantly exposed to threats such as homelessness and sex trafficking. With May being National Foster Care month, Cheddar News was joined by Angela Featherstone, CEO and President of the Foster Care Healing School to discuss how the school works on helping foster children and how you can help a foster child today.
It's the unofficial start of summer, and after two years of COVID, Americans are ready to travel again. So how can you beat the crowds and keep your family safe? Cheddar's Shannon Lanier has some hacks that can help you make the most of your summer vacation with minimum hassle.
The U.S. is sending advanced rockets to Ukraine to help push back Russia and "Stranger Things: Season 4" is a winner. Here is everything you Need2Know for Wednesday, June 1, 2022.
