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Tapestry Inc (TPR.N)

TPR.N on New York Stock Exchange

43.99USD
17 Oct 2018
Change (% chg)

$-0.48 (-1.08%)
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$44.47
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Volume
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Tue, Aug 14 2018

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Kate Spade sales drive strong Tapestry forecast, shares jump

The publicity around the untimely death of designer Kate Spade drew shoppers back to the handbag brand this summer, driving a 31 percent jump in fourth-quarter sales for its new owner Tapestry Inc that sent shares up 12 percent on Tuesday.

UPDATE 3-Kate Spade sales drive strong Tapestry forecast, shares jump

* Shares up 12 percent (Adds details from conference call, comments from company executives and analyst; updates shares)

Tapestry beats sales estimates on demand for Kate Spade bags

Aug 14 Tapestry Inc, formerly Coach, topped quarterly sales estimates on Tuesday, helped by higher demand for Kate Spade handbags.

Tapestry's Stuart Weitzman creative director Morelli resigns

Luxury accessories and apparel maker Tapestry Inc said on Monday that Giovanni Morelli, creative director of its Stuart Weitzman footwear brand, has resigned, citing unspecified behavior.

UPDATE 1-Tapestry's Stuart Weitzman creative director Morelli resigns

May 21 Luxury accessories and apparel maker Tapestry Inc said on Monday that Giovanni Morelli, creative director of its Stuart Weitzman footwear brand, has resigned, citing unspecified behavior.

BRIEF-Announces Departure Of Stuart Weitzman Creative Director

* TAPESTRY INC - COMMENCED A SEARCH FOR A NEW CREATIVE LEADER

BRIEF-Tapestry, Inc. Declares Quarterly Cash Dividend

* SETS QUARTERLY CASH DIVIDEND OF $0.3375PER SHARE Source text for Eikon: Further company coverage: (Reuters.Briefs@thomsonreuters.com)

BRIEF-Tapestry CEO Says Kate Spade Total Comparable Store Sales For Qtr Impacted By "Purposeful Reduction Of Promotional Sales Online" - Conf Call

* TAPESTRY INC CEO SAYS KATE SPADE TOTAL COMPARABLE STORE SALES FOR QUARTER IMPACTED BY "PURPOSEFUL REDUCTION OF PROMOTIONAL SALES ONLINE" - CONF CALL

BRIEF-Tapestry Q3 Non-GAAP Earnings Per Share $0.54

* Q3 EARNINGS PER SHARE VIEW $0.50 -- THOMSON REUTERS I/B/E/S

Coach handbag maker Tapestry's sales rise 33 percent

May 1 Tapestry Inc, formerly Coach, reported a 33 percent rise in quarterly net sales on Tuesday, helped by demand for its Coach bags in North America.

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