Luxury Goods

Tapestry sales falter amid waning demand in North America

Waning demand among North American consumers led to a 2% revenue decline for the entire year and a further 8% decline in Q4

Tapestry, the parent company of Coach, Kate Spade and Stuart Weitzman has reported that net sales were down slightly from $6.68bn (£5.25bn) in 2022 to $6.66bn (£5.24bn) for the year ended 1 July.

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