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

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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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