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Tapestry Hints at Store Closures After Covid Cuts Q4 Sales in Half

Consumers are shopping and denim is poised to be their go-to. Join Rivet tomorrow at 11 am ET for a roundtable with Diesel, Tenue de Nimes, Isko, NPD and Cotton Incorporated to discuss how denim can position for dominance in the new normal.

Tapestry Inc.’s new transformation plan could help boost average unit retail and stronger margins, while closing stores that fail to perform. In a Nutshell: Joanne Crevoiserat, interim CEO of the parent to Coach, Stuart Weitzman and Kate Spade, told Wall Street analysts that the plan will help drive “accelerated revenue growth, higher gross margins and…

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