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Tapestry, Inc. is a multinational luxury fashion house that owns several well-known brands, including Coach, Kate Spade, Stuart Weitzman, and, through Capri Holdings, Versace and Jimmy Choo. Each brand designs its own bags, shoes, and accessories, while Tapestry handles global marketing, distribution, and brand management to run the brands together. The company differentiates itself by owning multiple luxury names under one umbrella, sharing sourcing, retail, and international growth to reach more customers. Its goal is to become a global luxury powerhouse by expanding its brand portfolio and extending each brand’s reach across more markets and channels.
Industries
Design
Consumer Goods
Company Size
10,001+
Company Stage
IPO
Headquarters
New York City, New York
Founded
1941
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Total Funding
$6.5B
Above
Industry Average
Funded Over
3 Rounds
Health Insurance
Dental Insurance
Vision Insurance
Parental Leave
Commuter Benefits
Disability Insurance
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Flexible Work Hours
US' Tapestry's FY26 sales rise 3% as Coach outperforms Kate Spade. 14 Aug '26 Insights. * Tapestry reported FY26 net sales of $6.91 billion, up 3 per cent YoY, while net income rose to $1.03 billion. Coach sales grew 5 per cent, offsetting weakness at Kate Spade. * Q4 sales increased 9 per cent to $1.88 billion, with adjusted EPS up 28 per cent. * Tapestry maintained its FY27 guidance for low single-digit revenue growth. American luxury accessories and lifestyle company Tapestry Inc has reported steady growth for fiscal 2026 (FY26), with robust results at its Coach brand helping to offset ongoing softness at Kate Spade. The company continued to advance its digital and international strategies, while navigating a challenging consumer environment in North America. For the year ended June 29, 2026, Tapestry's net sales rose 3 per cent year on year (YoY) to $6.91 billion. Net income increased to $1.03 billion from $936 million in the previous year, while operating income reached $1.33 billion, representing an operating margin of 19.2 per cent, up from 18.4 per cent in FY25. Diluted earnings per share (EPS) improved to $4.31, compared with $3.88 in the prior year, the company said in a press release. "Our performance in fiscal 2026 reflects the strength of our brands and the agility of our teams. Coach delivered another year of solid growth, while we remain focused on reinvigorating Kate Spade and Stuart Weitzman. We are confident in our ability to deliver sustainable, profitable growth over the long term," said Joanne Crevoiserat, chief executive officer, Tapestry Inc. Coach drives overall growth; Kate Spade lags By brand, Coach net sales increased 5 per cent YoY to $5.13 billion, while Kate Spade sales declined 1 per cent to $1.28 billion. Stuart Weitzman contributed $500 million in sales, flat compared to the previous year. The company said Coach's performance was driven by continued strength in Asia and digital channels, while Kate Spade faced softer demand in North America. International and digital channels support margins International sales accounted for 44 per cent of total revenue, with Asia Pacific leading growth at 8 per cent YoY. Digital sales represented 30 per cent of total revenue, supported by investments in e-commerce and omnichannel capabilities. Gross margin expanded 60 basis points to 71.5 per cent, reflecting improved product mix and supply chain efficiencies. Q4 sales rise in tandem with FY26 growth Tapestry's fiscal 2026 fourth-quarter (Q4) net sales rose 9 per cent year on year to $1.88 billion, while pro forma sales excluding Stuart Weitzman increased 12 per cent. GAAP operating income reached $442 million against a $583 million loss previously. Non-GAAP operating income grew 25 per cent to $362 million, while adjusted diluted EPS increased 28 per cent to $1.32. Guidance maintained for FY27 Tapestry maintained its full-year FY27 guidance, expecting revenue to grow at a low single-digit rate and operating margin to remain above 19 per cent. The company plans to continue investing in brand building, digital innovation, and international expansion, while focusing on cost discipline and operational excellence. Fibre2Fashion News Desk
Major fashion and retail brands are adding cafés to their stores to attract Gen Z shoppers who prioritise experiences over transactions. Coach opened four Coach Coffee Shop locations in 2025, while Ralph Lauren operates over 40 Ralph's Coffee cafés worldwide. Uniqlo launched its first US café inside its Fifth Avenue flagship, and Target has partnered with Starbucks since 1999. Research shows a 1% increase in customer dwell time boosts sales by 1.3%. McKinsey found that improving customer experience increases sales revenue by 2-7% and profitability by 1-2%. Marcus Sanders, vice president of global food and beverage at Coach, noted that affordable coffee encourages more frequent visits, helping brands maintain relationships with shoppers not ready for larger purchases.
Gen Z shoppers aged 14 to 29 are increasingly returning to physical stores, reshaping retail priorities. Retailers are responding with immersive store designs, exclusive pop-ups and limited drops to attract young consumers seeking in-person experiences. Urban Outfitters is expanding its Gen Z-focused store format to seven more US locations this year, following debuts in Houston, Glendale and Bethesda in 2025. The new layout features brighter fitting rooms, expanded beauty inventory and what the company calls "a more immersive and tailored shopping environment". Elizabeth Lafontaine, director of research at Placer.ai, said "the resurgence of the mall category directly correlates with Gen Z shoppers' desire for community and in-person connection". Young shoppers view malls as social destinations where they can spend time with friends, combining shopping with dining and experiences beyond online browsing.
Tyla named Global Brand Ambassador for Kate Spade New York. July 29, 2026 Celebrity Name: Tyla Deal Type: Global Brand Ambassador Announced: July 28, 2026 * Kate Spade New York has named Tyla its new global brand ambassador, fronting the label's fall 2026 campaign. * The partnership centers on Kate Spade's "Spark Something Beautiful" ethos and nods to Tyla's second album, A*POP. * The deal covers brand campaigns, social content, and in-store advertising worldwide. * The announcement comes days after Tapestry named Jonathan Saunders as Kate Spade's new executive creative director, part of a push to reverse falling sales. Kate Spade New York has a new face: two-time Grammy winner Tyla. The South African singer will front the brand's fall 2026 campaign, marking her debut as the label's global brand ambassador. The campaign builds on Kate Spade's "Spark Something Beautiful" ethos and nods to Tyla's second album, A*POP, released in July. The partnership will run across brand campaigns, social content, and in-store advertising worldwide. Eva Erdmann, CEO and brand president of Kate Spade New York, said Tyla embodies the joy and confidence the brand stands for, calling the timing pivotal given the singer's new album and expanding global profile. Tyla's rise has been fast. Her breakout single "Water" made her the youngest African artist to win a Grammy, taking Best African Music Performance in 2024; she repeated the win in 2026 for "Push 2 Start." Her single "Chanel" has drawn more than 150 million video views. Beyond dolls, her endorsement portfolio already spans Alo and Beats By Dre (both since April 2024) and Bose (since September 2024), alongside more recent tie-ins with Nike, Pandora, and H&M. For Kate Spade, the Tyla deal continues a pattern of enlisting culturally resonant names, following past endorsements from Ice Spice, Nicola Coughlan, Madison Thompson, Madison Beer, and Taraji P. Henson. The signing also arrives as parent company Tapestry works to turn around a prolonged sales slide at Kate Spade. Just a week earlier, on July 22, Tapestry named Jonathan Saunders as the brand's new executive creative director, tasking him with modernizing its youthful, feminine identity. Kate Spade's bet on Tyla follows the same playbook: pairing a rising global pop voice with a brand looking to recapture cultural relevance. This is less about a single campaign and more about Kate Spade trying to buy back relevance. Sales have slipped for successive quarters, and the brand is now stacking two big bets in one month: a new creative director to reshape the product, and a global pop star to reshape the image. Tyla isn't just lending her face; she's arriving mid-momentum, fresh off a new album, a world tour announcement, and a viral doll drop, which means Kate Spade gets visibility it isn't paying extra for. It also fits a wider 2026 pattern: fashion houses increasingly want artists whose personal style already carries weight, rather than traditional models or actors. Bad Gyal at Dsquared2 and ROSÉ at Levi's tell the same story from different angles. Can a single ambassador actually move the needle on a brand's sales slump, or does it need to pair with real product change? Does tying the campaign to Tyla's A*POP era risk the partnership feeling dated once her album cycle winds down? Does this signal Kate Spade is chasing a younger, more global customer than its traditional base?
Kate Spade New York appoints Tyla as new global ambassador. The Grammy-winning artist will front the brand's upcoming campaign, aligning with its 'Spark Something Beautiful' ethos and her new album. 9 hours ago Kate Spade New York has named South African singer Tyla as its global brand ambassador, with the two-time Grammy winner set to front the brand's fall 2026 campaign. Tyla will make her debut in the campaign, which the brand says centres on its "Spark Something Beautiful" ethos and nods to her second album, '"A*Pop," released in July. The partnership will run across brand campaigns, social content and in-store advertising, according to Kate Spade. "Tyla radiates what Kate Spade New York is all about: joy, optimism, and a confidence that lifts everyone around her," said Eva Erdmann, CEO and brand president, Kate Spade New York. "From her music to her personal style, she makes people feel something. That's rare. And she's doing it at a pivotal moment in her career - a new album, a new chapter, and the world watching. We're thrilled to have her with us as we spark something beautiful, together." Tyla's "Chanel" single has drawn more than 150 million video views. She won her first Grammy in 2024 for "Water" and a second in 2026 for "Push 2 Start," both in the best African music performance category. A new era at Kate Spade New York. The signing comes as owner Tapestry, the US group that also owns Coach, works to reverse a prolonged decline at Kate Spade, whose sales have fallen for successive quarters. On July 22, Tapestry announced the appointment of Jonathan Saunders as Kate Spade New York's newest executive creative director. He will be responsible for modernising the brand's signature style of youthful femininity. "Jonathan shares our consumer obsession, and he understands the heart of our brand. He's also a collaborative leader and I'm excited to work together to introduce an uplifting vision of luxury to a new generation of consumers," Erdmann said. Kate Spade
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Industries
Design
Consumer Goods
Company Size
10,001+
Company Stage
IPO
Headquarters
New York City, New York
Founded
1941
Find jobs on Simplify and start your career today