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.
Coach has launched its global advertising campaign, "Coach It Forward," for the Spring 2021 collection. The campaign emphasizes positivity, collective action, and gratitude, encouraging customers to acknowledge those who uplift them. Featuring celebrities like Jennifer Lopez and Michael B. Jordan, it highlights personal dedications and appreciation. The initiative includes a live Zoom event showcasing messages of gratitude, aiming to connect communities worldwide and inspire optimism. Coach, known for its luxury accessories, is a brand under Tapestry, Inc., which trades on the NYSE as TPR.
Google Cloud has entered a multi-year agreement with Tapestry to migrate its SAP S/4HANA environment to the cloud, enhancing operational efficiency. This collaboration, completed in just three and a half months, was aimed at supporting Tapestry's acceleration program and maximizing profitability across its brands—Coach, Kate Spade, and Stuart Weitzman. The migration positions Tapestry for improved digital capabilities, leveraging Google's technology to quickly resolve connectivity issues and bolster the online shopping experience, especially during peak seasons.
Tapestry, Inc. (NYSE: TPR) has appointed Pam Lifford and Tom Greco to its Board of Directors, expanding the board to ten members, including nine independent directors. CEO Joanne Crevoiserat expressed confidence in their ability to support the company's Acceleration Program and drive long-term growth. Lifford brings extensive experience from WarnerMedia and Disney, while Greco has a strong background in corporate strategy from Advance Auto Parts and PepsiCo. Their appointments aim to enhance the board's expertise and positively impact Tapestry's future.
Tapestry, Inc. (NYSE: TPR) reported strong fiscal Q1 2021 results, with net sales of $1.17 billion, down 14% year-over-year, but significantly improved earnings per share (EPS) of $0.83 compared to $0.07 in the prior year. The company achieved a gross margin of 70.8%, up from 67.3%, while managing SG&A expenses down by 27%. Notably, e-commerce sales grew triple digits, and there was a 300 basis points increase in gross margins. The company ended the quarter with $1.5 billion in cash and positive free cash flow of $64 million, showcasing resilience amidst challenges.
Coach announced its 2020 holiday campaign titled "Holiday Is Where You Find It", featuring global icons Jennifer Lopez and Michael B. Jordan, along with ambassadors like Kiko Mizuhara and Jeremy Lin. The campaign promotes positivity and family traditions during challenging times, showcased through short vignettes celebrating diverse celebrations. Coach introduces new products like the Beat Shoulder Bag and Hitch backpack. The brand emphasizes modern luxury and quality craftsmanship, available in approximately 55 countries.
Tapestry, Inc. (NYSE: TPR) has appointed Joanne Crevoiserat as Chief Executive Officer, effective immediately. Having served as Interim CEO since July 2020, Crevoiserat also joined the company as Chief Financial Officer in August 2019. The Board believes she is the best fit to lead Tapestry's growth, emphasizing a data-driven and customer-centric strategy. Crevoiserat aims to enhance connections with customers and drive profitability through the Acceleration Program. Tapestry is known for its luxury brands, including Coach and Kate Spade.
Tapestry, Inc. (NYSE: TPR) announced a conference call scheduled for October 29, 2020, at 7:30 a.m. (ET) to discuss its first quarter results. The results will be released earlier that morning, and interested parties can listen in by dialing 1-877-510-8087 or via an audio webcast at www.tapestry.com/investors. A telephone replay will be available for five business days after the call. Tapestry includes brands such as Coach and Kate Spade, focusing on modern luxury lifestyle products.
Coach has launched the Coach x Jennifer Lopez Hutton bag, marking the global superstar's first collaboration with the brand. This exclusive bag features refined calf leather and genuine snakeskin, designed under the vision of Creative Director Stuart Vevers. The design emphasizes authenticity and versatility, aligning with both Coach and Lopez's values. The collaboration includes social-first film vignettes showcasing Lopez's multifaceted talents.
The bag symbolizes modern luxury, crafted for a dynamic lifestyle.
The Coach Foundation has formed partnerships with The Opportunity Network, Bottom Line, and Year Up under its Dream It Real initiative, aimed at empowering under-represented students. To celebrate these partnerships, a donation of $1 million was made, bringing total contributions to over $3.5 million. These organizations focus on improving equity in higher education by providing resources and mentorship, promoting inclusivity, and supporting students from low-income backgrounds.
Coach has launched its C001 Watch collection, featuring Quincy Brown as the global watch ambassador. Shot in New York by Alessandro Simonetti, the campaign promotes Coach's ethos of optimism and self-expression. The collection includes six styles designed for active lifestyles, incorporating both technology and fashion with unique features like world time analog-digital movement. Available exclusively at Coach.com, the launch supports Feeding America with a donation. Coach is part of Tapestry, listed on the NYSE under ticker TPR.
