TAPESTRY, INC. (TPR)

Tapestry, Inc. is a global house of accessories and lifestyle brands operating through two reportable segments, Coach and Kate Spade, following the August 4, 2025 sale of its Stuart Weitzman business. Coach, founded in 1941, is a global fashion house offering handbags, accessories, footwear and other lifestyle products, representing 86.4% of fiscal 2026 net sales, while Kate Spade, launched in 1993, is known for feminine, colorful handbags, ready-to-wear, jewelry, footwear, gifts and home décor, representing 13.4% of net sales. The company sells products primarily through direct-to-consumer (DTC) channels—including freestanding retail and outlet stores, concession shop-in-shops, and e-commerce across markets like the U.S., Canada, Japan, Greater China, Europe and Australia—which made up approximately 87% of total net sales, as well as through wholesale relationships with major department and specialty stores (about 12% of sales) and licensing arrangements covering categories such as eyewear, watches, fragrance, tech accessories, sleepwear, bedding, stationery and gifts, with partners including Luxottica, Movado, Interparfums, Case-Mate, Komar, Live Comfortably, Lifeguard Press and Safilo.

Product categories across the company include handbags (57.6% of fiscal 2026 net sales), accessories, footwear, and other items such as outerwear, ready-to-wear, jewelry, watches, eyewear, fragrance and licensing royalties. The company operates a global, diversified manufacturing and sourcing network primarily in Vietnam, Cambodia, the Philippines, India and Bangladesh, supported by sourcing offices in Vietnam, mainland China, the Philippines and Cambodia, and maintains a distribution network of company-operated and third-party fulfillment centers across North America, Europe and Asia. Tapestry's 2028 "Amplify" growth strategy focuses on building emotional consumer connections (particularly with Gen Z), leading with handbags and leathergoods while expanding footwear, driving growth in North America and international markets such as Greater China and Europe, and developing its workforce culture.

The company owns significant intellectual property, including trademarks, trade dress, copyrights and patents related to its brands, and actively pursues anti-counterfeiting measures globally. It competes on style, price, quality, customer service and brand recognition against numerous other accessories and lifestyle brands, and maintains a corporate responsibility strategy, the "Fabric of Change," focused on people, sustainability, community impact and responsible product creation, employing approximately 20,600 people globally as of June 27, 2026.