Welcome to our dedicated page for Tapestry news (Ticker: TPR), a resource for investors and traders seeking the latest updates and insights on Tapestry stock.
Tapestry, Inc. (NYSE: TPR) is frequently in the news as a global house of accessories and lifestyle brands that unites Coach and kate spade new york. News coverage about Tapestry often reflects its brand performance, strategic growth agenda, corporate responsibility initiatives and capital allocation decisions, giving investors and followers insight into how the company manages its portfolio and engages consumers.
Recent announcements highlight Tapestry’s fiscal results, including record quarterly and annual revenue, updates on margins and earnings, and details on its direct-to-consumer performance across regions. These releases often discuss progress on the company’s Amplify growth strategy, which focuses on building emotional connections with consumers, fueling fashion innovation and product excellence, delivering compelling experiences to drive global growth and igniting the power of its people.
Tapestry news also covers major corporate actions and partnerships. Examples include the completion of the sale of the Stuart Weitzman brand to Caleres, the authorization of a multi-billion-dollar share repurchase program, and updates on dividend policies and capital return plans. Corporate responsibility stories feature the publication of Tapestry’s Corporate Responsibility Report, progress toward renewable electricity goals and initiatives to strengthen global leather supply chains.
Another important stream of news involves sustainability and innovation partnerships, such as Tapestry’s long-term agreement with Pivot Energy to purchase Renewable Energy Credits from Illinois community solar projects and its expanded investment and supply agreement with Gen Phoenix for recycled leather fiber materials. Together, these items provide a view into how Tapestry approaches growth, brand-building, sustainability and shareholder value. For ongoing context, readers can follow earnings releases, Investor Day updates, ESG milestones and strategic transactions related to TPR.
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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.