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.
kate spade new york and The Boris Lawrence Henson Foundation (BLHF) announced the expansion of their SheCare Wellness Pods program to Bennett College in Greensboro, North Carolina. This marks the third installation following successful launches at Alabama State University and Hampton University in 2023. The new pod, opened on October 22, 2024, will uniquely serve both Bennett College students and neighboring North Carolina A&T State University students, as well as local women's community groups. The location was chosen following student protests demanding improved mental health services. The pod features a custom mural by local artist Alyse Watt and Bennett College students, designed to promote wellness and women's strength.
Tapestry highlights employee development through the story of Samantha Lanzerotti, Senior Regional Visual Manager at kate spade new york. During her 11-year tenure, Lanzerotti has expanded her role and explored different business areas. The company emphasizes its commitment to talent development and providing equal growth opportunities across the enterprise, encouraging employees to explore roles beyond their current functions.
Sandeep Seth, Chief Marketing Officer of Coach and Chief Growth Officer of Tapestry, has been recognized in the Campaign US CMO 50. Seth earned this distinction for his consumer-centric approach and success in developing purpose-led marketing strategies that effectively engage Gen Z consumers. His recognition highlights his expertise in global brand-building and innovative marketing approaches that have strengthened Tapestry's brand positioning.
Tapestry (NYSE: TPR) has responded to a U.S. District Court ruling that granted the FTC's request for a preliminary injunction regarding its proposed acquisition of Capri Holdings (NYSE: CPRI). The company expressed disappointment with the decision, stating it believes the ruling is incorrect on both legal and factual grounds. Tapestry, which owns Coach, kate spade new york, and Stuart Weitzman brands, argues that the industry is highly competitive, dynamic, and fragmented. The company has announced its intention to appeal the decision in accordance with the merger agreement terms.
Tapestry (NYSE: TPR) has scheduled its fiscal 2025 first quarter earnings conference call for Thursday, November 7, 2024, at 8:00 a.m. ET. The company will release its financial results via press release earlier that morning.
Investors can access the call by dialing 1-866-847-4217 or 1-203-518-9845 with Conference ID 4306173, or listen to the audio webcast on the company's investor relations website. A telephone replay will be available for five business days starting at 12:00 noon ET on November 7th.
Jackee de Lagarde, VP of Global Licensing at Kate Spade New York, has been named to Crain's New York Business Notable Black Leaders list. De Lagarde, who joined the brand in 2014, leads the team responsible for the brand's licensing program. Under her leadership, the team has launched numerous categories in apparel, accessories, home, and pet products. Notable achievements include executing five licensing agreements in her first year and successful Starbucks collaborations in Asia during 2020 and 2022. She also served as co-chair of Black Alliance, Tapestry's first Employee Business Resource Group, contributing to the company's diversity initiatives.
Tapestry celebrates its Great Place To Work Certified status on Certification Nation Day. This recognition is based on employee feedback about various aspects of the company, including leadership, purpose, and culture. Tapestry prides itself on cultivating an environment that is both warm and rigorous, with work that is challenging and fun.
The company emphasizes a culture led by both head and heart, where each brand maintains its uniqueness while sharing a commitment to innovation and authenticity. Tapestry aims to:
- Connect with customers
- Empower communities
- Make the fashion industry more sustainable
- Build an equitable, inclusive, and diverse company
Tapestry expresses gratitude to its team members for this achievement and invites interested parties to learn more about their certification status.
Stuart Weitzman, a Tapestry brand, launched its Fall 2024 campaign celebrating modern womanhood with a film titled 'How Lovely to Be a Woman'. The campaign features five new global ambassadors: Aly Raisman, Christy Turlington, Issa Rae, Lucy Liu, and Ming Xi. Each ambassador embodies the campaign's message of women's strength and confidence in unique ways:
- Aly Raisman: Athlete advocate for abuse prevention and mental health
- Christy Turlington: Model and maternal health activist
- Issa Rae: Actor, writer, producer, and rising business mogul
- Lucy Liu: Actress, director, producer, and visual artist
- Ming Xi: International supermodel and actress
The campaign film, directed by Matvey Fiks, features a remix of the 1963 musical song 'How Lovely to Be a Woman'. Fashion photographer Ned Rogers shot the campaign images. Stuart Weitzman aims to inspire women's confidence and empower them to be bold through this initiative.
Kate Spade New York and founding partners launched the Global Fund for Women's Mental Health in September 2024. The fund aims to increase access to community-led mental health interventions for women and girls worldwide. In its first year, it will focus on non-profit partners in North America, the U.K., Japan, Australia, and East Africa, with the first round of partners to be announced in March 2025.
The fund was launched at Kate Spade's 3rd annual Global Summit on Women's Mental Health, featuring celebrities and mental health stakeholders. With an initial investment of $450,000 from Kate Spade New York and contributions from partners, the fund seeks to catalyze further investments. Customers can also donate to the fund when checking out at North American stores.
Kate Spade New York has invested over $31M in women's mental health initiatives to date, reflecting their belief that good mental health is fundamental to women's empowerment. The brand's social impact work aims to provide greater access to culturally competent mental health solutions for women at every stage of life.
Coachtopia, a brand under Tapestry, Inc. (TPR), has launched the "Alter/Ego" collection, showcasing its commitment to circularity in fashion. This innovative line features five new bag styles crafted from leather scraps left over from iconic Coach bags like the Tabby, Hampton, and Brooklyn. Using Coachtopia's Checkerboard Upcrafted Leather technique, these bags have a 59-80% lower carbon footprint than comparable styles made with new materials.
The collection demonstrates Coachtopia's mission to reimagine waste, design, and product end-of-life. Joon Silverstein, SVP Global Marketing and Sustainability at Coach and Head of Coachtopia, emphasizes that this initiative represents a shift from using pre-existing waste to proactively designing out waste. The scalable processes developed through Coachtopia are expected to drive transformative change in the wider Coach brand's approach to circularity.