• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar

Republica Press

Your Business & Political News Source

REPUBLICA PRESS
Your Business & Political News Source

  • Home
  • BUSINESS
  • MONEY
  • POLITICS
  • REAL ESTATE
  • SCIENCE/TECH
  • US
  • WORLD

Coach owner Tapestry sees people gearing up for weddings and office work again

by

Coach Signature handbag

Source: Coach

Coach and Kate Spade owner Tapestry is seeing signs that consumers are returning to celebrating love, gathering with friends and going back into offices.

“We are starting to see where people have put off weddings for over a year — some of those life events — people are coming out and engaging in the real world again,” Chief Executive Joanne Crevoiserat said in an interview Thursday.

Tapestry, which also owns Stuart Weitzman, is quickly restocking merchandise in the bridal category, Crevoiserat noted. More shoppers are scouting for dressier heels and clutch bags to take to events such as weddings and showers.

“But it’s all about balance,” the CEO explained. “We’re also introducing newness in casual, as well. We are seeing positive signs and encouraging signs of a recovery as the vaccination efforts progress.”

Coach President Todd Kahn said another key opportunity for the brand in the months ahead will be selling shoppers back-to-work bags that are big enough to hold laptops, tablets, planners and other office accessories.

“Particularly in North America, as the consumer goes back, we see two opportunities,” Kahn explained. “One is the bag that I need for work, which I haven’t replaced in maybe a year and a half, and then that fun bag to go out with.”

Tapestry reported fiscal third-quarter sales and earnings that topped analyst estimates, boosted by digital growth and demand for luxury goods roaring back in China. In North America, its sales returned to pre-pandemic levels.

But Tapestry shares were falling around 4% in early afternoon trading Thursday, as its overall revenue remained below 2019 levels. The retailer has yet to offer a full-year outlook.

View Source

Filed Under: BUSINESS

Primary Sidebar

More to See

$7.45M Hog Island Is the Largest Private Island Available in Florida Right Now

It’s the ultimate in seclusion in the middle of North Central Florida: a private island in the middle of St. Johns River near Lake George.In addition … [Read More...] about $7.45M Hog Island Is the Largest Private Island Available in Florida Right Now

Seattle Seahawks Haven’t Ruled Out Acquiring Baker Mayfield Just Yet

The Seattle Seahawks are very much still in the running for Baker Mayfield. (Photo by Stacy ... [+] Revere/Getty Images) Getty Images The Seattle … [Read More...] about Seattle Seahawks Haven’t Ruled Out Acquiring Baker Mayfield Just Yet

Makgeolli: How Korean rice wine is stepping out of soju’s shadow

(CNN) — Kim Kyung-seop recalls going to cheap bars after class with his friends, where they binged on as much makgeolli as possible. "You know the … [Read More...] about Makgeolli: How Korean rice wine is stepping out of soju’s shadow

Copyright © 2022 · Republica Press · Log in · As an Amazon Associate we earn from qualifying purchases.

Terms and Conditions - Privacy Policy