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

Register for the Feb. 17 webinar, De-Risking Supply Chains Through Nearshoring, today to learn how to realize the benefits of localizing supply chains from factories that are helping brands successfully produce in the U.S.

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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