TAPESTRY, INC.

Tapestry, Inc.

Corporate profile

• Global house of iconic accessories and lifestyle brands, uniting Coach and kate spade new york.
• Fiscal 2026 reported two segments: Coach and Kate Spade. Stuart Weitzman was sold on August 4, 2025; its net sales for the fiscal 2026 period prior to the sale are shown as a small line item (0.2% of total net sales) and its pre-sale activity is included in the footwear category.
• Primary channels: direct-to-consumer (retail, outlet, brand e-commerce, and concession shop-in-shops), wholesale, and licensing.

Brands and segments

• Coach: Global fashion house focused on handbags and lifestyle collections. Channels include DTC, wholesale, and licensing. Coach represented 86.4% of total net sales in fiscal 2026.
• Kate Spade: Global lifestyle brand offering handbags, ready-to-wear, jewelry, footwear, gifts, and home décor. Channels include DTC, wholesale, and licensing. Kate Spade represented 13.4% of total net sales in fiscal 2026.
• Stuart Weitzman: Sold in August 2025; net sales for the 2026 period prior to the sale were $14.6 million (0.2% of total net sales). These sales are included in historical periods and do not represent a continuing segment.

Financial highlights (fiscal 2026)

• Total net sales (revenue): $8,004.2 million.
• By brand:
  • Coach net sales: $6,914.7 million (86.4%).
  • Kate Spade net sales: $1,074.9 million (13.4%).
  • Stuart Weitzman net sales: $14.6 million (0.2%) for the period prior to the sale.
• Direct-to-consumer (DTC) share: Approximately 87% of total net sales.
• Licensing revenue: Royalties from licensing relationships accounted for about 1% of total net sales.
• Geographic mix: Approximately 41.3% of net sales were generated outside the United States.

Store footprint and store metrics

• Store counts (Coach + Kate Spade combined): 1,299 stores.
  • Coach: 973 stores (North America 336; International 637).
  • Kate Spade: 326 stores (North America 178; International 148).
• Average square footage (2026):
  • Coach: North America 4,855 sq ft; International 2,391 sq ft; Total 3,242 sq ft.
  • Kate Spade: North America 3,071 sq ft; International 1,593 sq ft; Total 2,400 sq ft.

Channel strategy

• DTC is the dominant channel, supported by a broad network of stores and brand e-commerce sites in major markets.
• The company operates third-party fulfillment centers and supports omni-channel integration across in-store, online, and wholesale experiences.

Customers and relationships

• As of June 27, 2026, no single customer accounted for more than 10% of any segment’s total net sales.
• Licensing and wholesale partnerships extend brand reach, with royalties comprising a small portion of net sales (about 1%).

Products and categories

• Product category net sales (fiscal 2026):
  • Handbags: Coach $4,016.3 million; Kate Spade $594.9 million.
  • Accessories: Coach $1,991.8 million; Kate Spade $241.1 million.
  • Footwear: Coach $408.5 million; Kate Spade $48.1 million; Stuart Weitzman pre-sale period included in footwear.
  • Other: Coach $498.1 million; Kate Spade $190.8 million.
• Category totals align with the brand-level net sales figures.

Strategy and growth framework

• Amplify: Tapestry’s 2028 growth strategy, introduced in fiscal 2026, rests on four pillars:
  • Build emotional connections with consumers, with focus on new customers including Gen Z.
  • Fuel fashion innovation and product excellence, with emphasis on handbags/leathergoods and footwear expansion.
  • Deliver compelling experiences to drive global growth, strengthen North America and accelerate international growth with emphasis on Greater China and Europe.
  • Ignite the power of our people by building a consumer-obsessed, agile culture.
• The company disclosed that Amplify may not deliver the intended outcomes or achieve long-term growth or profitability.

Workforce

• Approximately 20,600 employees globally as of June 27, 2026.
• Around 16,800 employees work in retail locations; roughly 8,000 of those are part-time. Remaining employees support corporate and brand functions.

Risk considerations and other notes

• The company emphasizes its licensing royalty model (about 1% of net sales) and the large share of sales from DTC channels (87% in fiscal 2026).
• The report highlights international risk factors such as currency exposure, tariffs and trade issues, and regulatory compliance, and underscores reliance on a multi-channel, omni-channel strategy to drive growth.