Tapestry Sales Plunge 53% in the Fourth Quarter

Jennifer Saibil, The Motley Fool
·2-min read
Tapestry Sales Plunge 53% in the Fourth Quarter

Tapestry (NYSE: TPR), the parent company of luxury names Coach, Kate Spade, and Stuart Weitzman, was trying to pull itself together amid declining sales before the COVID-19 pandemic. Tapestry has been working on a plan to accelerate digital and create an omni-channel experience, building community to emotionally connect with customers. As a more insightful signal of progress, sales growth turned positive in China, where stores have been open for longer than other parts of the world.