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.
Feltz Bagels is a pop up shop in New York so watch out before you take a bite.
The Nobel Prize in literature has been awarded to Norwegian author Jon Fosse.
A new pop-up is recreating Elvis Presley's famous living room from Graceland and will be in New York on Thursday and Friday. Kevin Kern, vice president of public relations with Memphis Tourism, joined Cheddar News to explain what pieces are in the recreated room, including a drink inspired by the King of Rock 'n Roll.
With the annual Beauty CEW Awards in tow, Brittany Lo, founder of Beia Beauty, joined Cheddar News to show and demonstrate some of her company's sensual care products. Beia Beauty is a finalist in the sexual wellness category.
A Texas county commissioner is facing a possible felony charge in Nebraska after accidentally shooting his 12-year-old grandson during a wedding he was officiating.
Jurassic Park and Lego are partnering for a movie.
Police in Iowa helped rescue an owl stuck in a soccer net.
A self-described gangster who police and prosecutors say masterminded the shooting death of Tupac Shakur in Las Vegas in 1996 made his first court appearance Wednesday on a murder charge.
Staying on top of your personal spending shouldn't be as complicated as you think. Lazetta Braxton, a certified financial planner, joined Cheddar News to provide tips on how to track that spending, such as grouping expenses into different categories.
Author James Patterson joined Cheddar News to discuss a new book he co-wrote with Mike Lupica, "12 Months to Live," their third project together and also spoke about their upcoming tour as well as his passion for child literacy.
