coach owner tapestry bets on summer shopping comeback as sales rebound 2

Coach owner Tapestry bets on summer shopping comeback as sales rebound

Sumary of Coach owner Tapestry bets on summer shopping comeback as sales rebound:

  • By Reuters Published May 6, 2021 Download Print Text size aA+ aA- By Reuters Published May 6, 2021 Tapestry Inc returned to quarterly sales growth and forecast full-year numbers above analysts’ estimates as the Coach handbag maker benefits from a strong rebound in demand for luxury goods in North America and China..
  • Encouraged by rapid vaccine rollouts in its key markets, the fashion group is launching a new line of Coach handbags and rearranging store shelves with more Stuart Weitzman sandals, pumps and wedding accessories in expectation of people returning to relatively normal lives, company executives said on a call with analysts….

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