Tag: Tapestry Inc

Bad news for Black Friday: Retailers cast doubt on holiday shopping with cautious guidance

A person walks past a sales advertisement at Saks Off 5th department store ahead of the Thanksgiving holiday sales in Washington, D.C., on Nov....

Ford’s stock hasn’t done this in 6 years, chart analyst says as Wall Street grows optimistic on consumer plays

Wall Street analysts are doubling down on their calls for a consumer spending recovery.Barclays, Credit Suisse and Wells Fargo released notes Monday highlighting their...

Walmart’s use of TikTok will likely continue, even if deal with Oracle falls apart

Walmart's hopes of owning a stake of TikTok may be dashed, but don't expect its interest in the viral video app to fade away.The...

Tapestry CEO says heart-shaped Kate Spade bag sold out after going viral on TikTok

Tapestry CEO Joanne Crevoiserat told CNBC on Thursday the company saw a surge in demand for a heart-shaped Kate Spade bag that went viral...

Coach-owner Tapestry says women are paying more for their handbags during the pandemic

Kate Spade handbagsScott Mlyn | CNBCWomen are spending more money when they're shopping for handbags during the coronavirus pandemic, Coach owner Tapestry's latest quarterly...

Tapestry shares up after Coach owner’s sales fall less than expected, boosted by China, e-commerce

Coach owner Tapestry reported Thursday quarterly results that topped its own estimates, driven by triple-digit e-commerce growth and a strong rebound in China."We are...

Retailers are reporting record online sales during the pandemic. But it won’t last forever

A worker delivers groceries to a customer's vehicle outside a Walmart Inc. store in Amsterdam, New York, on Friday, May 15, 2020.Angus Mordant |...

The clothing rental start-up Rent the Runway is closing all of its stores for good

The fitting rooms at Rent the Runway's flagship store in New York City.Source: Rent the RunwayThe coronavirus pandemic has taken a toll on many...

Coach owner Tapestry is managing better online than other retailers during the pandemic. Here’s how

Shoppers walk past a Coach outlet store.Luke Sharrett | Bloomberg | Getty ImagesCoach and Kate Spade owner Tapestry said Thursday its sales online during the latest...

Coach owner Tapestry posts narrower-than-expected loss, retailer to speed up turnaround plan

Employees prepare a window display at a Kate Spade shop in The Shoppes at Marina Bay Sands shopping mall in Singapore on June 19,...

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