Tapestry, headquartered in New York City, provides luxury accessories under brands like Coach, Kate Spade, and Stuart Weitzman, employing 12,600 people since its IPO on October 5, 2000. The company operates through three segments, focusing on global sales via retail, e-commerce, and wholesale channels.
TPR has been in the news recently: U.S. stocks showed mixed performance as investors awaited the Federal Reserve's decision, with concerns about stagflation and inflation impacting market sentiment, as noted by Citadel's Ken Griffin. Additionally, Shopify's shares declined by 8.7% despite reporting Q1 revenue of $2.36 billion, surpassing expectations of $2.33 billion.
📡️ Consumer Discretionary
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