Tapestry Appoints Jide Zeitlin as New CEO
September 4, 2019 at 2:20 pm

Tapestry, the parent company of brands Coach, Stuart Weitzman, and Kate Spade, announced the appointment of Jide Zeitlin as its new CEO, effective immediately, reports CNBC. Zeitlin replaces Victor Luis, who worked at the company for 13 years and became CEO in 2014. During his tenure, Luis oversaw the transformation of the company name from…

New Executives Named at, ModCloth, Tapestry
March 26, 2018 at 3:31 pm

A flurry of management changes have taken place at leading retailers recently, including, ModCloth and Tapestry. Walmart's has named Tesco veteran Simon Belsham as president of the e-commerce company, effective immediately, the company told CNBC on Monday. Belsham will be responsible for expanding Jet's online grocery business, Walmart E-Commerce CEO Marc Lore…

Coach to Acquire Kate Spade for $2.4B
May 8, 2017 at 10:50 am

Coach said Monday that it had reached a deal to acquire upscale retailer Kate Spade in a shakeup for the luxury goods industry as it grapples with sluggish sales. Coach said it would pay $2.4 billion for Kate Spade, which it plans to maintain as an independent brand. Coach said it expects to save $50 million annually…

Coach to Acquire Kate Spade, Reports Say
March 28, 2017 at 9:50 am

According to sources inside both companies, Coach’s acquisition of Kate Spade may be announced in a matter of weeks, if not days. The price of acquisition is not yet known, although analysts suggest it could be north of $2 billion. In a March 2017 report, Cowen & Company said that there was an 80 percent chance…

Coach to Close Shops Inside Department Stores
August 9, 2016 at 11:45 am

Coach on Tuesday announced that it will shutter about 25 percent of its North American department store locations. Most of the locations tend to be low volume, according to the company, and the closings will be spread out in terms of geography. Coach will keep open its best-performing sites and avoid the stores that put its…

Ray-Ban, Coach Stage Comebacks on Better Products, Smarter Pricing
March 28, 2016 at 11:49 am

Everyone loves a comeback story, but they're notoriously rare in the apparel, luxury and fashion worlds. Of course, just because it’s difficult doesn’t mean it can’t be done — just look at Coach and Ray-Ban, two of the most exciting comeback stories in luxury retail. As an investor, it’s worth understanding the why and how…

Coach is Slowly Doing the Impossible: Restoring its Upscale Aura
January 29, 2016 at 10:21 am

Coach seems to be achieving the nearly unattainable in retail: giving a brand that was cheapened by years of discounts its luster back. The handbag maker reported on Tuesday that net sales rose 7 percent to $1.27 billion in its second fiscal quarter ended Dec. 26, buoyed by growth in China and its men’s lines. More importantly,…

A Bona Fide Retail Opportunity for Non-store Merchants, Or Just Another Entrepreneurial Misfire?
May 30, 2007

Every now and then, one of those wild cards comes along in this catalog/multichannel retail business we all cherish. Sometimes, it provides the more traditional players in the catalog business with a good kick in the pants; other times, it only provides opportunities for the bigger players who can afford the initial outlay. More often than not, such off-the-beaten-path concepts as selling catalogs alongside magazines in bookstores or newsstands, selling space ads in catalogs, licensing catalog names on cars, and offering private alternative postal delivery, among others, have worked for so few mailers that they’ve failed to catch on industry-wide. Here’s a new