Tapestry Inc is a global luxury fashion holding company that encompasses a diverse portfolio of renowned brands, including Coach, Kate Spade, and Stuart Weitzman. The company focuses on designing, marketing, and selling high-quality accessories, apparel, and footwear, appealing to a wide range of consumers. Tapestry emphasizes a commitment to craftsmanship, creativity, and innovation in its products, which are sold through various retail channels, including e-commerce and brick-and-mortar stores. By integrating digital and physical shopping experiences, Tapestry strives to foster brand loyalty and deliver exceptional customer experiences in the competitive luxury marketplace. Read More
Shares of luxury fashion conglomerate Tapestry (NYSE:TPR)
jumped 3.6% in the afternoon session after the company completed the sale of its Stuart Weitzman brand, a strategic move that coincided with a broader market rally in consumer stocks. The divestment allowed Tapestry to concentrate its resources on its core Coach and Kate Spade brands. This corporate news was bolstered by a favorable economic backdrop, as weak U.S. jobs data fueled investor hopes for a potential interest rate cut by the Federal Reserve. The prospect of lower borrowing costs typically encouraged consumer spending, which benefited companies like Tapestry. Adding to the positive momentum, a UBS analyst maintained a neutral stance but significantly raised the price target on the stock.
Tapestry, Inc. (NYSE: TPR), a house of iconic accessories and lifestyle brands, today announced it has successfully closed the previously announced sale of the Stuart Weitzman brand to Caleres (NYSE: CAL), a market-leading portfolio of consumer-driven footwear brands.
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On Thursday, August 14, 2025 at 8:00 a.m. (ET), Tapestry, Inc. (NYSE: TPR) will hold a conference call to discuss the Company’s fiscal 2025 fourth quarter and year-end results which will be reported via press release earlier that morning.
A number of stocks fell in the afternoon session after the latest U.S. consumer confidence report revealed underlying weakness despite a headline increase, raising concerns about future spending. While the Conference Board's headline Consumer Confidence Index rose to 97.2 in July, the details painted a more cautious picture for investors. The Present Situation Index, a measure of consumers' assessment of current business and labor market conditions, actually fell. More telling for the sector, the report showed a decline in buying intentions for major discretionary items such as homes, cars, and most appliances. This combination of factors signals potential weakness in future consumer spending, casting a shadow over companies that rely on non-essential purchases.
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