Tapestry Inc news and archive

Coach-parent Tapestry posts loss for Q4 and full year

Net sales at Coach-parent Tapestry Inc totalled 715 million dollars for the fourth quarter compared to 1.51 billion dollars in the prior year. The company said in a statement that gross profit totalled 499 million dollars on a reported basis, while gross margin for the quarter was 69.8 percent compared to 999 million dollars and 66 percent,...

Business

Tapestry Q1 revenues increase 7 percent, updates outlook

American luxury and lifestyle company Tapestry said on Tuesday its Q1 revenue for 2018 rose by 7 percent, while net income for the quarter was 122 million US Dollars on a reported basis, with earnings per diluted share of 0.42 US Dollar compared to a reported net loss of 18 million US Dollars with loss per diluted share of 0.06 US Dollar in the...

Business

Tapestry Q4 revenues increase 31 percent

American luxury and lifestyle company Tapestry said on Tuesday its Q4 revenue for 2018 rose 31 percent. Profit increased by 39.5 percent from the same period last year. For the full year, revenues also increased 31 percent to 5,880 million dollars, while net income 397.5 million dollars compared to 591 million dollars last year. Hover over the...

PeopleFeatured

Honouring & Remembering the late Kate Valentine Spade

Wealth and success do not always guarantee a lifetime of happiness within the fashion industry, as the sudden passing of legendary designer Kate Valentine, better known as Kate Spade, sadly highlighted. The fashion entrepreneur was found dead in her New York City apartment on Tuesday morning after committing suicide. She was 55 and is succeeded...

Business

Tapestry´s Q3 profits increase 14.8 percent

US luxury and lifestyle company Tapestry said on Tuesday its Q3 net profit rose. Revenues rose by 32.7 percent from the same period last year. The company’s net profit for Q3 2018 was 140 million US dollars, up from 122 million US dollars a year earlier. Revenues increased to 1320 million US dollars. Tapestry Inc was founded 1941 and is based in...