Luxury showed resilience across the brands of fashion house Tapestry, owner of Coach, Kate Spade and Stuart Weitzman, as a mix of data, artificial intelligence (AI) and omnichannel sales drove strength in a challenging quarter. Tapestry CEO Joanne Crevoiserat told investors that the company’s fiscal...
As much as luxury apparel brands are mapping out their omnichannel future to tap into changing demographic trends and more brand-engaged consumers, there’s one big blind spot that needs to be addressed. “By [2025], Millennial & Gen-Z Will Dominate the Luxury Market with >70% Share,”...
This year’s high inflation hasn’t stopped Americans from wanting to splurge on luxury goods from brands like Coach and Kate Spade. Tapestry, the company that owns those labels, reported earnings Thursday (Aug. 18) that showed record annual revenues of $6.7 billion — a 15% increase...
Today in retail, the footwear sector is getting increasingly contentious, while ACI Worldwide teams up with NORBr on eCommerce payment tools. Plus, Dillard’s avoids the limelight and focuses on running a profitable business, and Amazon announces Alexa upgrades as its stock tumbles to a two-year...
November 19, 2023
Some retailers are reportedly reexamining their promotional strategies to stave off a muted holiday season. “It’s our Super Bowl,” Tapestry finance chief Scott Roe said of the holiday shopping season in a Sunday (Nov. 19) Wall Street Journal report that looks at the phenomenon. Roe — whose company owns Coach, Kate Spade and Stuart Weitzman — told the WSJ the company’s primarily direct-to-consumer business […]
August 18, 2022
This year’s high inflation hasn’t stopped Americans from wanting to splurge on luxury goods from brands like Coach and Kate Spade. Tapestry, the company that owns those labels, reported earnings...
May 12, 2022
The luxury resale market has become a popular way for budget-conscious shoppers to get the hottest brand name products for a discount, but luxury brand Tapestry Inc., which is home...
October 12, 2017
Coach is branching out — and rebranding to reflect that reality, according to CNBC reports published Wednesday (Oct. 11). The world got a look at that new vision this week when...
