Tapestry, Inc. (Tapestry) operates as a house of iconic accessories and lifestyle brands.
The company's global house of brands unites the magic of Coach and kate spade new york. Each of the company's brands is unique and independent, while sharing a commitment to innovation and authenticity, defined by distinctive products and differentiated customer experiences across channels and geographies. The company uses its collective strengths to move its customers and empower its communities, to make...
Tapestry, Inc. (Tapestry) operates as a house of iconic accessories and lifestyle brands.
The company's global house of brands unites the magic of Coach and kate spade new york. Each of the company's brands is unique and independent, while sharing a commitment to innovation and authenticity, defined by distinctive products and differentiated customer experiences across channels and geographies. The company uses its collective strengths to move its customers and empower its communities, to make the fashion industry more sustainable, and to harness the power of an inclusive culture. Individually, the company's brands are iconic.
Brands
The company has three reportable segments:
Coach - Coach is a global fashion house of accessories and lifestyle collections, founded in New York City in 1941. Inspired by the vision of Expressive Luxury and the inclusive and courageous spirit of its hometown, the brand makes beautiful things, crafted to last – for you to be yourself in. Coach has built a legacy of craftsmanship and a community that champions the courage to be real. Coach includes global sales of primarily Coach brand products to customers through the company’s direct-to-consumer (DTC), wholesale and licensing businesses. This segment represented 79.9% of total net sales in fiscal 2025. (as of June 28, 2025).
Kate Spade - Since its launch in 1993 with a collection of six essential handbags, kate spade new york has always been colorful, bold and optimistic. Today, it is a global lifestyle brand that designs extraordinary things for the everyday, delivering seasonal collections of handbags, ready-to-wear, jewelry, footwear, gifts, home décor and more. Known for its rich heritage and unique brand DNA, kate spade new york offers a distinctive point of view and celebrates communities of women around the globe who live their perfectly imperfect lifestyles. Kate Spade includes global sales of primarily kate spade new york brand products to customers through its DTC, wholesale and licensing businesses. This segment represented 17.1% of total net sales in fiscal 2025.
Stuart Weitzman - Since 1986, New York City based global luxury footwear brand Stuart Weitzman has combined its signature artisanal craftsmanship and precise engineering to empower women to stand strong. Having perfected the art of shoemaking for nearly 40 years, the brand continues to expand its assortment to feature handbags and men's footwear, all the while staying true to its ethos of inspiring strength and confidence with every step. Stuart Weitzman includes global sales of primarily Stuart Weitzman brand products to customers through its DTC, wholesale and licensing businesses. This segment represented 3.0% of total net sales in fiscal 2025.
On February 16, 2025, the company entered into a sale and purchase agreement (the Purchase Agreement) with Caleres, Inc. (the Purchaser) to sell the Stuart Weitzman Business.
Strategy
The key elements of the company's strategy include building lasting customer relationships; fueling fashion innovation and product excellence; delivering compelling omni-channel experiences; and powering global growth.
Direct to Consumer Business
The company’s DTC business consists of channels that provide the company with immediate, controlled access to consumers. This includes retail and outlet stores, brand e-commerce sites, as well as concession shop-in-shops.
Stores – The company’s brands operate freestanding retail stores, outlet stores, as well as concession shop-in-shop locations. These stores are located in regional shopping centers, metropolitan areas throughout the world and established outlet centers.
Digital – The company views its digital platform as an instrument to deliver its products to customers directly with the benefit of added accessibility as consumers can purchase its products beyond where its physical locations are based. The company has e-commerce sites in its major markets in the U.S., Canada, Japan, Greater China, several throughout Europe, Australia, and several throughout the rest of Asia. Additionally, the company continues to leverage various third-party digital platforms to sell its products to customers.
Wholesale Business
The company's wholesale business primarily includes major department stores, specialty stores, and third-party digital partners. The company works closely with its wholesale partners to ensure a clear and consistent product presentation. The company enhances its presentation with proprietary brand fixtures within the department store environment in select locations. The company customs tailor its assortments through wholesale product planning and allocation processes to match the attributes to the consumers of its wholesale partners in each local market. The company continues to closely monitor inventories held by its wholesale customers in an effort to optimize inventory levels across wholesale doors.
Licensing Business
The company's brands take an active role in the design process and control the marketing and distribution of products in its worldwide licensing relationships. Products made under license are, in most cases, sold through stores and wholesale business channels and, with the company's approval, the licensees have the right to distribute products selectively through other venues, which provide additional, yet controlled, exposure of the company's brands. The company's licensing partners generally pay royalties on their net sales of its branded products.
Products
Handbags — This category primarily includes handbags classically inspired, as well as fashion designs, business cases, computer bags, messenger-style bags, backpacks, travel bags and totes.
Accessories — This category primarily includes small leather goods, such as mini and micro handbags, money pieces, wristlets, pouches and cosmetic cases. Also included in this category are novelty accessories (including address books, time management accessories, travel accessories, sketchbooks and portfolios), belts, key rings, technology accessories, gifting, straps and charms.
Footwear — This category primarily includes women's and men's footwear, including casual shoes, dress shoes, boots, sneakers and sandals.
Other — This category primarily includes outerwear, ready-to-wear, jewelry, watches, eyewear, fragrance, scarves, hats, gloves, other products, as well as royalties earned from the Company's licensing partners.
Marketing
The company uses a 360-degree approach to marketing for each of its brands, synchronizing its efforts across all business channels to ensure consistency at every touchpoint. The company's global marketing strategy is to deliver a consistent, relevant, and multi-layered message every time the consumer comes in contact with its brands through its communications, visual merchandising, and customer experiences. Each brand's distinctive positioning is communicated by the company's creative marketing, visual merchandising, and public relations teams, as well as outside creative agencies. The company also has a sophisticated consumer and market research capability and leverages third-party experts to gain insights into consumer attitudes and trends.
The company engages in several consumer communication initiatives globally, including direct marketing activities at a national, regional and local level.
The company's wide range of marketing activities utilize a variety of media, including digital, social, print and out-of-home. The company's respective brand websites serve as effective communication vehicles by providing an immersive brand experience, showcasing the fullest expression across all product categories.
As part of the company's direct marketing strategy, it uses databases of consumers to generate personalized communications in direct channels, such as email and text messages, to drive engagement. Visitors to the company's e-commerce sites provide an opportunity to increase the size of these consumer databases, in addition to serving as a point of transactions globally, except where restricted.
The company has several regional informational websites for locations where it has not established an e-commerce presence. The company utilizes social media and continues to explore digital technologies to create emotional connections with consumers, acquire new customers, and build brand awareness, in addition to increasing online and store sales.
Intellectual Property
Tapestry owns COACH, KATE SPADE and STUART WEITZMAN, as well as all of the material trademark, design and patent-rights related to the production, marketing, distribution and sale of the company's products in the United States and other countries in which the company's products are principally sold. In addition, the company licenses trademarks and copyrights used in connection with the production, marketing and distribution of certain categories of goods and limited edition collaborations. Tapestry also owns and maintains registrations in countries around the world for trademarks in relevant classes of products and services. In addition, Tapestry owns trade dress, copyrights, design patents and utility patents for its brands' product designs.
Seasonality
The company's results are typically affected by seasonal trends. During the first fiscal quarter (year ended June 28, 2025), the company typically builds inventory for the winter and holiday season. In the second fiscal quarter, working capital requirements are reduced substantially as the company generates higher net sales and operating income, especially during the holiday season.
History
The company was founded in 1941. The company was incorporated in 2000. It was formerly known as Coach, Inc. and changed its name to Tapestry, Inc. in 2017.