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. reports developments for a global accessories and lifestyle brand company built around Coach and kate spade new york. Recurring news includes quarterly earnings, full-year outlook updates, brand-level performance, regional sales trends, margin commentary, and customer growth across company-operated stores, digital channels, and wholesale partners.
Company updates also cover technology and operating initiatives, including the proprietary AI platform Mira, board and governance changes, corporate responsibility reporting, renewable electricity sourcing, leather supply-chain programs, and community solar partnerships tied to Tapestry's global retail and fulfillment footprint.
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.
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Tapestry, Inc. emphasizes the importance of its employees in its 2022 Corporate Responsibility Report. The company aims to enhance Equity, Inclusion, and Diversity (EI&D) through a strategy grounded in their core values. Key principles include attracting top talent, fostering an inclusive culture, nurturing community vibrancy, and fulfilling marketplace responsibilities. To this end, Tapestry has set 2025 goals focused on increasing diversity within leadership teams, improving inclusion index scores, promoting internal career progression, and establishing standardized global benefits for self-care and family leave.
On March 15, 2023, Coach launched the "In My Tabby" campaign, celebrating personal stories through the Tabby bag. Featuring Lil Nas X, Camila Mendes, Kōki, and Wu Jinyan, the campaign focuses on self-expression and identity evolution. Directed by Charlotte Wales, it emphasizes emotional connections over traditional brand-centric storytelling. Coach aims to engage younger audiences and redefine fashion as a platform for human stories. The campaign will include pop-ups and a 'Made to Order Tabby' service, allowing customization. The initiative aligns with Coach's commitment to inspire creativity and courage in self-expression.
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kate spade new york, known for its bold and vibrant designs, has been actively working on women's mental health since 2013, aiming to empower 100,000 women and girls globally by 2025. In 2021, the brand invested $3 million in mental health initiatives, partnering with 25 organizations. This year, kate spade renewed its collaboration with The Trevor Project, raising $157,275 through events and matching donations, supporting LGBTQ+ youth. Additionally, the brand continues to support women in Rwanda through local partnerships, contributing $177,000 to community development initiatives.