Tapestry outperformed in the third quarter of the current financial year, with a revenue increase driven by constant currency growth seen both at its Coach brand and across the European region. Over the period ended March 29, 2025, the company, which also owns Kate Spade and Stuart Weitzman, posted a revenue of 1.58 billion dollars, representing...
May 8, 2025
The Accessories Council (Ac) has shared the name of its honorees for the 2025 Accessories Council Excellence Awards (ACE Awards). The annual ACE Awards gala, set to take place on May 6, 2025, at the historic Pierre Hotel in New York City, honors individuals and companies that aid the growth of the accessories industry. This year’s event will see...
Mar 11, 2025
Tapestry, Inc., the parent company of several leading accessories and lifestyle brands, including Coach and Kate Spade New York, has announced the sale of its Stuart Weitzman brand to Caleres, a portfolio of consumer footwear brands, for 105 million dollars in cash today. Caleres stated that it aims to fund the acquisition through the company’s...
Feb 19, 2025
Luxury footwear brand Stuart Weitzman has teamed up with Swarovski’s collaboration platform, Swarovski Creators Lab, to launch the “ultimate party shoe” in time for the holiday season. The limited-edition Stuart Power Shine pump sees the brand’s new Stuart Power 75mm heels adorned with over 6,000 tonal Swarovski pavé crystals to offer consumers...
Nov 25, 2024
Luxury footwear brand Stuart Weitzman has tapped actor, producer and talk show host Mark Consuelos as its first-ever men’s global ambassador. Consuelos, known for his roles in ‘All My Childen’ and ‘Riverdale,’ as well as hosting ‘Live with Kelly and Mark’ with his wife Kelly Ripa, stars in the brand’s first-ever celebrity-fronted men's campaign,...
Coach-owner Tapestry “outperformed expectations” for the first quarter of the year, according to CEO Joanne Crevoiserat, who said the results showcased “the brand magic and operational excellence that fuel our strategic growth agenda”. For the quarter ended September 28, 2024, the company’s net sales totaled 1.51 billion dollars, in-line with...
Nov 7, 2024
On Thursday, October 24, a US judge opted to block Tapestry’s attempt to buy competitor Capri Holdings, with “loss of head-to-head competition” cited as the reasoning. The case, first brought forward in a lawsuit by the Federal Trade Commission (FTC), became high profile due to its involvement of notable executives and the fact that the merger...
Oct 28, 2024
Tapestry, owner of Coach, Kate Spade, and Stuart Weitzman brands reported net income of 217 million dollars, with earnings per diluted share of 92 cents. Analysts surveyed by Bloomberg expected the company to report earnings per share of 88 cents. The company's net sales of 1.59 billion dollars, declined by 2 percent on a reported basis for the...
Aug 16, 2024
Tapestry’s third quarter net sales declined 2 percent to 1.48 billion dollars. Gross profit totaled 1.11 billion dollars, while gross margin was 74.7 percent. For fiscal 2024, the company forecasts revenue of over 6.6 billion dollars, approximately in-line with prior year on a reported basis and representing growth of approximately 1 percent on...
May 10, 2024
Tapestry’s net sales in the second quarter totaled 2.08 billion dollars, representing growth of 3 percent on both a reported and constant currency basis. Gross profit totaled 1.49 billion dollars, while gross margin was 71.6 percent, net income was 322 million dollars and earnings per diluted share were 1.39 dollars. On a non-GAAP basis, net...
Feb 9, 2024
For nearly 20 years Ruth Álvarez-DeGolia, founder and executive director of Mercado Global, has helped indigenous women in rural central American build their own community businesses, using their heritage weaving traditions to create accessories for the international fashion market. Mercado Global products can be found in Shopbop, Bloomingdales,...
Nov 14, 2023
First quarter net sales at Tapestry totalled 1.51 billion dollars, slightly above the prior year. Excluding a 130 basis point headwind from currency due to the appreciation of the U.S. dollar revenue increased approximately 2 percent versus last year. Gross profit for the quarter was 1.10 billion dollars, while gross margin was 72.5 percent,...
Nov 10, 2023