Stuart Weitzman owner reports record quarter - footwearbiz: Leading si

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Stuart Weitzman owner reports record quarter

14/02/2022
Stuart Weitzman owner reports record quarter
Luxury group Tapestry, the owner of Coach, Kate Spade and Stuart Weitzman, has reported record results for the second financial quarter and is raising expectations for the rest of the year.

Net sales totalled $2.1 billion compared with $1.7 in the prior year, representing a 27% increase.

Digital sales rose around 30% compared with last year, nearly triple pre-pandemic levels.

Joanne Crevoiserat, CEO of Tapestry, said: “Our performance over the last 18 months has demonstrated the advantages of our globally diversified, consumer-centric and data-driven platform. As we look ahead, we see significant growth opportunities.”

Photo credit: Stuart Weitzman

Related stories:

Weitzman owner donates $3m to leather sourcing initiative 11/04/2022
Weitzman store closures help Tapestry to achieve record income 23/08/2021
Ex-Coach chairmen team up on Gen-Z idea 02/07/2021
Tapestry increases its use of leather from LWG silver and gold tanneries 15/06/2021
Tapestry result outpaces expectations 07/05/2021
Tapestry names new chief finance officer 05/05/2021
Tapestry partners Black in Fashion Council 19/02/2021

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