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) delivers comprehensive updates across its global luxury portfolio, including Coach, Kate Spade New York, and Stuart Weitzman. This centralized news hub provides investors and industry professionals with timely financial disclosures, strategic initiatives, and sustainability developments.
Access verified updates on quarterly earnings, leadership changes, and market expansion strategies alongside innovations in sustainable design and circular economy practices. Our curated feed ensures stakeholders stay informed about material developments affecting TPR's position in the accessible luxury sector.
Key coverage areas include product collection launches, retail channel performance metrics, and environmental responsibility programs. All content undergoes rigorous verification to meet financial disclosure standards while maintaining accessibility for both professional analysts and casual observers.
Bookmark this page for direct access to Tapestry's official communications and third-party analyses of their multi-brand strategy. Regular updates ensure you maintain current awareness of this fashion conglomerate's evolving market presence and operational milestones.
Tapestry, Inc. (NYSE: TPR) reported strong fiscal Q3 2021 results with a 19% increase in net sales to $1.27 billion, driven by robust digital growth and a 175% revenue surge in Mainland China compared to FY20. Gross margin improved to 71.6% from 57.4% year-over-year, supported by discipline in promotions and effective expense management. Operating income rose to $117 million, with significant progress in customer engagement and a 700,000 increase in new e-commerce customers. Outlook remains optimistic, expecting a mid-teens revenue growth for FY21.
Tapestry, Inc. (NYSE: TPR) has appointed Scott A. Roe as Chief Financial Officer, effective June 1, 2021. Roe has a 25-year tenure at VF Corporation, where he excelled as CFO and significantly influenced finance and corporate development. He aims to enhance Tapestry's strategy and operational performance in a transforming consumer landscape. Alongside this change, Andrea Shaw Resnick transitions to Chief Communications Officer, while Christina Colone is promoted to Global Head of Investor Relations. These leadership updates indicate a focused effort on strategic growth.
Tapestry, Inc. (NYSE: TPR) will hold a conference call on May 6, 2021, at 8:00 a.m. (ET) to discuss its third-quarter results. The results will be released earlier that morning. Investors can participate by dialing 1-877-510-8087 or 1-862-298-9015, using Conference ID 5689959. A replay will be available for five business days starting at noon on the same day. Tapestry is a modern luxury lifestyle brand company that includes Coach, Kate Spade, and Stuart Weitzman, focusing on consumer-led luxury and innovation.
Tapestry, Inc. (NYSE: TPR) has appointed Todd Kahn as Chief Executive Officer and Brand President of Coach, effective immediately. Kahn has been with the company since 2008, most recently serving as Interim CEO since July 2020. Joanne Crevoiserat, CEO of Tapestry, expressed confidence in Kahn’s leadership, noting his ability to deliver strong business results during the pandemic and attract a younger customer base. Kahn aims to implement a consumer-centric approach to drive innovation and profitability, capitalizing on Coach's storied history and team talent.
Kate Spade New York, a brand of Tapestry (NYSE: TPR), announced a new creative structure to enhance consumer focus and innovation. Key roles such as SVP, Brand Concept & Strategy and Head of Product Design will be established, alongside existing leaders to ensure brand consistency. CEO Liz Fraser noted progress in refocusing the brand's core collection. Kristen Naiman will transition to SVP, Brand Concept & Strategy on April 1, 2021, while Nicola Glass will depart on the same date. The company is actively searching for a new Head of Product Design.
Tapestry, Inc. (NYSE: TPR), a prominent luxury accessories and lifestyle brand house, announced that CEO Joanne Crevoiserat will present at the BofA Securities Consumer & Retail Technology Virtual Conference on March 10 at 9:30 a.m. ET. The presentation will be accessible via webcast for the public and archived for five business days. Tapestry's brands include Coach, Kate Spade, and Stuart Weitzman, focusing on innovation and authentic customer experiences. For more details, visit www.tapestry.com/investors.
On Feb. 23, 2021, Coach unveiled its Fall 2021 collection, Coach Forever Season Two, through a virtual presentation on Instagram. The collection, crafted by Stuart Vevers, features layered silhouettes, oversized shearling coats, and collaborations with Schott NYC. The presentation, blending fashion and pop culture, includes appearances from celebrities like Jennifer Lopez and Michael B. Jordan. Additionally, the Coach Foundation has donated to support restaurant workers in NYC impacted by COVID-19.
Tapestry, Inc. (NYSE: TPR) announced its commitment to the Black in Fashion Council's Active Allyship Pledge, aimed at advancing Black individuals in the fashion industry. CEO Joanne Crevoiserat highlighted the company's goal to enhance diversity within its leadership teams. Over the next three years, Tapestry will collaborate with BIFC Executive board members for guidance. Additionally, initiatives include partnering with HBCUs for talent sourcing fairs and launching a scholarship program through the Coach Foundation to support HBCU students. Tapestry has also been recognized for its diversity efforts.
Tapestry, Inc. (NYSE: TPR) reported Q2 results for the fiscal year ending December 26, 2020, with net sales of $1.69 billion, a 7% decline from $1.82 billion last year. Despite this, the company achieved a gross margin of 69.6%, up from 66.6%, due to reduced promotional activity. Operating income rose to $389 million, marking a 7% increase year-over-year. E-commerce saw triple-digit growth, representing one-third of global sales, with strong performance in China. Tapestry anticipates high-single-digit revenue growth for the fiscal year.
On January 22, 2021, Coach launched Coach Conversations, a monthly YouTube series focused on culture and creativity. The first episode features Jennifer Lopez and Jay Shetty discussing themes like purpose and self-trust. Coach's Creative Director, Stuart Vevers, emphasizes a community-driven dialogue in fashion. Future episodes will include Michael B. Jordan, coinciding with significant cultural moments. Coach aims to inspire discussions on personal values and support within the community.
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