Tapestry sees revenue grow in third quarter - footwearbiz: Leading sit

News

Tapestry sees revenue grow in third quarter

13/05/2019
US leathergoods group Tapestry, formerly known as Coach Inc., achieved revenue of $1.33 billion in the third quarter of the fiscal year (ended March 30), a 2% increase at constant currency rates compared to the same period of last year.

Net sales for the Coach brand were $965 million, up 1% year-on-year. Comparable store sales also increased 1%.

The Kate Spade brand brought in revenue of $281 million, an increase of 5% compared to the first three months of 2018. This was driven by strong e-commerce sales. 

Footwear brand Stuart Weitzman achieved sales worth $85 million, up 4% at constant currency rates.

Related stories:

Kate Spade chief executive to leave at year-end 16/12/2019
Jennifer Lopez named new face of Coach 22/11/2019
Stuart Weitzman owner eyes China growth with Alibaba partnership 17/09/2019
Stuart Weitzman returns to growth 16/08/2019
Tapestry focuses on sustainability drive 24/04/2019
Coach brand takes up residence in Spanish shoemaking town 27/02/2019
Stuart Weitzman faces delivery difficulties 02/11/2018
Creative director leaves Stuart Weitzman 24/05/2018
Tapestry says it remains confident in Stuart Weitzman 04/05/2018
Former Ferragamo chief executive to lead Stuart Weitzman 19/04/2018
Stuart Weitzman owner sets out stall for growth 08/02/2018

footwearbiz.com cannot be held responsible for content if the language setting is changed from English.

The translations provided by Google Translate are automated and therefore might not be accurate and may contain incorrect, offensive or misleading language. We offer this facility as a guide only.