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Tapestry Shuts China Stores, Expects ‘Minimal’ Coronavirus Supply Chain Impact

Fashion is at a crossroads: continue with cutting-edge strategies developed to persevere during Covid or slide back into familiar (yet unprofitable) habits? Get the experts' perspective at our in-person Sourcing Summit, Oct. 19 at New York’s Cipriani 42nd Street.

Tapestry Inc. is the latest fashion firm to quantify what it expects the coronavirus outbreak in China might mean for its accessories business, even as the company posted a second-quarter earnings report that bested Wall Street’s estimates. In a Nutshell: The company is expecting a negative impact of between $200 million to $250 million in…

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