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.
Luke Skolkin, an instructor at The Fit House, spoke with Cheddar News about some moves you can do during a workout that you can progress to make them more challenging.
Actress and comedian Kim Coles joined Cheddar News to discuss the 30th anniversary of 'Living Single' which also starred Kim Field and Queen Latifah, her current role with 'Days of Our Lives' and how she helps others in her industry with a new writing program.
There are everyday items that could be dirtier than your toilet. Courtney Mason, general manager of The Spruce, spoke with Cheddar News to discuss what areas are often overlooked that can be cleaned periodically.
