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.
Édgar Barrera — the producer and songwriter known for his work with such artists as Madonna, Karol G, Peso Pluma, Shakira, Grupo Frontera and beyond — leads the 2023 Latin Grammy nominations with 13.
Insomnia has been an issue for many people for years. Dr. Rebecca Robbins, sleep scientist and co-author of 'Sleep for Success,' joined Cheddar News to provide tips on what to do before going to bed and how to successfully implement those steps for a good night's sleep.
Peruvian cuisine has been on the rise globally with some of Lima's restaurants named as some of the top eateries in the world. Cheddar News was on the scene at Artesano in downtown Manhattan where Chef Cesar Taboada displayed some of Peru's finest and most famous dishes, including ceviche, causa and lomo saltado. Taboada also explained the Asian influence on Peruvian cuisine that has helped the Andean country expand its offerings to hundreds of typical dishes on its menu.
British police said Monday that they had received a sexual assault allegation after media outlets published claims by several women against Russell Brand. Promoters postponed the remaining dates in a string of live gigs by the comedian, who denies the allegations.
It wasn't an escapee from the Country Bear Jamboree attraction, but a wild black bear managed to be the star of its own show Monday at Walt Disney World.
