Business UpdateAug 13, 2026, 06:53 AM
Tapestry Unveils 2028 Growth Strategy; Divests Stuart Weitzman
AI Summary
Tapestry, Inc. announced the completion of the sale of its Stuart Weitzman business on August 4, 2025, streamlining its operations to two reportable segments: Coach and Kate Spade. The company also introduced its "Amplify" 2028 growth strategy in the first quarter of fiscal 2026, focusing on consumer connections, innovation, global growth, and employee empowerment. For fiscal 2026, Tapestry reported total net sales of $8,004.2 million, with Coach contributing $6,914.7 million and Kate Spade $1,074.9 million.
Key Highlights
- Completed the sale of the Stuart Weitzman business on August 4, 2025.
- Introduced the "Amplify" 2028 growth strategy in the first quarter of fiscal 2026.
- Total net sales for fiscal 2026 reached $8,004.2 million.
- Coach segment net sales were $6,914.7 million in fiscal 2026, representing 86.4% of total.
- Kate Spade segment net sales were $1,074.9 million in fiscal 2026, representing 13.4% of total.
- Direct-to-Consumer (DTC) business accounted for approximately 87% of total net sales in fiscal 2026.
- Marketing expenses increased to $962.5 million in fiscal 2026, or 12% of net sales.
- Stuart Weitzman net sales were $14.6 million in fiscal 2026 prior to its sale.
Price Impact
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