Tapestry Inc Stock Price, News & Analysis

Tapestry, Inc. (NYSE: TPR) is set to hold a conference call on May 11, 2023, at 8:00 a.m. (ET) to discuss its fiscal 2023 third quarter results. The results will be announced earlier that morning via a press release. Investors can participate by dialing 1-866-847-4217 or 1-203-518-9845, using the Conference ID 2447089. The call will also be available via audio webcast on the company’s investor relations website. A telephone replay will be accessible for five business days post-call. Tapestry is known for its luxury brands including Coach, kate spade new york, and Stuart Weitzman, focusing on innovation and sustainability within the fashion industry.

April 20, 2023: Coach has launched a new sub-brand called Coachtopia, focused on circular fashion and sustainability, aiming for a fully circular business model. Initially available in the US, Canada, and the UK, Coachtopia will expand to Asia later this year. The brand emphasizes a Made Circular™ design philosophy, which reimagines product lifecycles by using waste materials. Coachtopia is designed collaboratively with a community of Gen Z consumers, engaging them in the design process. The debut collection features bags, accessories, and apparel made from recycled and renewable materials, each accompanied by a digital passport for tracking lifecycle and sustainability. Coachtopia will roll out in several key locations starting late April 2023. This initiative builds on Coach's commitment to sustainability and the insights gained from its Coach (Re)Loved program.

Tapestry, Inc. is actively engaged in community service through its Tapestry Gives program, which empowers employees to volunteer in local communities. The company achieved its 2025 volunteer goal ahead of schedule, highlighting employee commitment to various causes, including food security and education for underrepresented backgrounds. Employees are entitled to a paid day off for volunteering, with over 4.8 million dollars donated since 2010 through employee matching gifts. In FY2022 alone, nearly $400K was given to support charitable initiatives. The approach promotes flexible volunteering and involves over 250 Employee Volunteer Ambassadors worldwide, reinforcing Tapestry's purpose-led corporate culture.

Tapestry, Inc. (NYSE: TPR), a prominent house of luxury brands, has appointed Alan Lau to its Board of Directors, expanding the board to eleven members. Lau, who is recognized for his expertise in digital strategy and the Chinese market, will provide valuable insights as Tapestry refines its digital strategies across its brands including Coach, Kate Spade, and Stuart Weitzman. Joanne Crevoiserat, CEO of Tapestry, expressed enthusiasm for Lau's appointment, highlighting his experience in engaging consumers through digital channels. Lau's past roles include Chief Business Officer at Animoca Brands and CEO of Tencent WeSure, with a strong background in digital innovation and corporate finance. His appointment is expected to bring fresh perspectives to the board, aiding Tapestry's sustainable growth.

Tapestry, Inc. (NYSE:TPR) has announced its partnership with the Ellen MacArthur Foundation, aiming to support the transition to a circular economy in fashion. As a Network Partner and member of the Foundation's Fashion Initiative Advisory Board, Tapestry strives to innovate sustainable practices within its brands, including Coach, kate spade, and Stuart Weitzman. Since launching the Coach (Re)Loved program in April 2021, over 20,000 items have been repurposed, and new initiatives such as partnerships with thredUP have been established. Tapestry emphasizes education in circular design, highlighted by its workshops and scholarships aimed at fostering the next generation of sustainable designers. This collaboration reflects Tapestry's commitment to reducing waste and promoting sustainable practices within the fashion industry.

Tapestry, Inc. announces the addition of actress Sofia Wylie and Mika Kumahira, founding principal of Showa Women's University Career College, to Kate Spade's Social Impact Council. This council comprises influential leaders focused on women's empowerment and mental health initiatives worldwide. The initiative includes prominent figures like actress Taraji P. Henson, aiming to enhance mental health awareness as part of women's empowerment globally.

Tapestry, the parent company of brands like Coach and kate spade new york, emphasizes its commitment to human rights across its supply chain in its 2022 Corporate Responsibility Report. The company aims to empower 100,000 factory workers by 2025, partnering with BSR's HERproject to support women's empowerment through health, financial inclusion, and gender equality programs. Tapestry has already reached 53,000 workers in Vietnam, India, and Cambodia. Additionally, kate spade new york collaborates with Abahizi Rwanda, creating job opportunities for local women. The company contributes funding for community initiatives, such as the Masoro Sport and Learning Center.

Tapestry, Inc. recently highlighted the contributions of its female IT leaders in a feature for International Women's Day. Leaders Annette Hater, Yang Lu, and Xinquan (Lexie) Ye shared insights on fostering a workplace that empowers women and the unique aspects of Tapestry's corporate culture. The discussion emphasizes the valuable experiences of women in technology and the company's commitment to diversity and inclusion in its leadership roles. For further details, the full article is accessible via Built In.