Tapestry, Inc. is a global house of iconic accessories and lifestyle brands, uniting Coach, kate spade new york, and Stuart Weitzman. Each brand operates independently while sharing a commitment to innovation, authenticity, and differentiated customer experiences. The company leverages its collective strengths to empower communities and promote sustainability, equity, inclusion, and diversity. Tapestry's brands are present across various business channels and geographies.

The company's core business model involves designing, manufacturing, and distributing products through direct-to-consumer (DTC) channels, including retail and outlet stores, e-commerce sites, and concession shop-in-shops, as well as through wholesale and licensing partnerships. Key markets include North America and China, with expansion efforts in Southeast Asia and Europe. The company faces competition from other brands in the product lines and markets it participates in, competing on the basis of style, price, customer service, quality, brand prestige and recognition.

• Employees: Approximately 18,600 (as of June 29, 2024)
• Geographic Footprint: Global, with a focus on North America and China, and presence in Southeast Asia and Europe
• Headquarters: 10 Hudson Yards, New York, NY 10001
• Founded: 1941 (as Coach, Inc.)
• Number of locations/facilities: 1,402 stores globally (as of June 29, 2024)
• Revenue: $6.67 billion (FY2024)
• Key Subsidiaries/Brands: Coach, kate spade new york, Stuart Weitzman

• CEO: Joanne C. Crevoiserat
• CFO: Scott A. Roe
• Board Chair: Anne Gates
• Other Key Executives: Manesh B. Dadlani (Corporate Controller)

Key leaders have significant experience in the industry and operations.

• Annual Revenue: $6.67 billion (FY2024)
• Net Income: $816.0 million
• Total Assets: $13.40 billion
• Number of Employees: Approximately 18,600 (as of June 29, 2024)
• Key Financial Highlights: Revenue increased by 0.2% year-over-year, gross profit increased by 3.7%, and operating income decreased by 2.8%.

Tapestry offers a range of products across its brands:

• Coach: Handbags, accessories, men's products, and other products including footwear, eyewear, jewelry, fragrances, and watches.
• kate spade new york: Handbags, ready-to-wear, jewelry, footwear, gifts, home décor, and more.
• Stuart Weitzman: Luxury footwear, handbags, and men's footwear.

The company operates through three reportable segments:

• Coach: Represented 76.4% of total net sales in fiscal 2024.
• Kate Spade: Represented 20.0% of total net sales in fiscal 2024.
• Stuart Weitzman: Represented 3.6% of total net sales in fiscal 2024.

Tapestry's 2025 growth strategy, futurespeed, focuses on four strategic priorities:

• Building Lasting Customer Relationships: Increasing customer acquisition, retention, and reactivation.
• Fueling Fashion Innovation & Product Excellence: Driving growth in core categories and accelerating gains in footwear and lifestyle products.
• Delivering Compelling Omni-Channel Experiences: Expanding omni-channel leadership to meet customers wherever they shop.
• Powering Global Growth: Supporting balanced growth across regions, prioritizing North America and China, and capitalizing on opportunities in under-penetrated markets.

Tapestry operates in the fashion accessories and lifestyle industry, facing intense competition from numerous other brands. The company competes on style, price, customer service, quality, brand prestige, and recognition.

• Market Position: The company holds a significant position in the global fashion accessories and lifestyle market.
• Key Competitors: The company faces competition from many other brands in the product lines and markets that it participates.
• Industry Trends: Key market trends include the increasing shift to digital brand engagement, social media communications, and online and cross-channel shopping.

• Economic Conditions: Economic downturns, inflation, and uncertainty could adversely affect consumer spending on discretionary items.
• International Operations: Operating in international markets exposes the company to political and economic instability, public health crises, and changes in trade agreements.
• Global Sourcing Activities: The company is subject to risks inherent in global sourcing, including supply chain disruptions, increased costs, and compliance with labor laws.
• Competition: Intense competition in the industry could adversely affect the company's business and profitability.
• Cybersecurity: The company faces risks related to computer system disruptions and cyber security threats, including data breaches.