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.
With the festivities in full gear, Cheddar News checked out some of the best holiday bars in New York City.
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Disney+ released the series 'Percy Jackson and the Olympians' a day earlier than expected.
There's a new action series in the works at Amazon Prime video and it's set to star Hannah Waddingham and Octavia Spencer.
Beyonce was named Grindr's Mother of the Year for 2023.
A new study suggests that apes can have long-lasting social memories similar to humans.
The wINTERverse in downtown Manhattan offers an immersive and interactive art experience for patrons as winter officially kicks off. Zach Blutner, managing director of Inter, joined Cheddar News to discuss what people should expect at the location.
Much of the country is expected to see unusually mild temperatures over the Christmas weekend.
According to an American Christmas Tree Association poll, about 77% of people say they will display an artificial Christmas tree rather than a real one.
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