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About Tapestry, Inc.

Tapestry is weaving together a collection of premium fashion brands. Previously Coach, the company designs and makes (mostly through third parties) high-end leather goods and accessories, including handbags, wallets, and luggage under the Coach brand. It also licenses the Coach name for watches, eyewear, fragrances, scarves, and footwear. In addition, through acquisitions, Tapestry owns the Stuart Weitzman (luxury women's shoes) and Kate Spade (women's apparel and accessories) brands. The company sells its wares through more than 1,000 department and outlet stores (in the US and more than 45 other countries), catalogs, and its websites. It also runs more than 1,000 retail and factory outlet stores in North America, Japan, and China.

Operations

Prior to the acquisition of Kate Spade in 2017, Tapestry operated through three segments: North America (Coach), International (Coach), and Stuart Weitzman. Starting in fiscal 2018, the company will report around its brands -- Coach, Kate Spade, and Stuart Weitzman.

The North America segment, which represented more than 50% of company revenue in fiscal 2017, included sales to North American consumers through its retail stores, factory stores, Internet, and wholesale.

Its International segment, which consisted primarily of sales to consumers through company-operated stores in Japan and mainland China, also accounted for revenue from Hong Kong, Macau, Singapore, Taiwan, Malaysia, and Korea, and e-commerce sales to those territories. Wholesale customers and distributors in approximately 35 countries also contributed to the segment's sales. The segment represented nearly 40% of sales in fiscal 2017.

The Stuart Weitzman segment consisted of global sales of the Stuart Weitzman brand, acquired in 2015, and represented the remaining revenue.

Geographic Reach

Tapestry operates some 250 retail stores and about 195 factory stores in the US; some 40 retail stores and 11 factory stores in Canada; about 195 department store shop-in-shops, retail stores, and factory stores in Japan; and nearly 185 department store shop-in-shops, retail stores, and factory stores in Hong Kong, Macau, mainland China, Singapore, Taiwan, Malaysia, and Korea. It also sells to wholesale customers and distributors in some 45 countries.

The company also operates distribution, product development, and quality control locations in the US, Hong Kong, China, South Korea, Vietnam, the Philippines, and India. Tapestry generates over half its revenue from the US, while China and Japan account for about 15% and 12%.

Sales and Marketing

Tapestry's products are sold through more than 1,000 wholesale locations in the US and Canada. Top US wholesale customers include Macy's (including Bloomingdale's), Dillard's, Nordstrom, Saks Fifth Avenue, Lord & Taylor, The Bay, Bon Ton, Belk, and Von Maur.

It operates an 850,000 sq. ft. distribution and consumer service facility in Jacksonville, Florida, which uses a bar code scanning warehouse management system. The company's distribution center employees use handheld radio frequency scanners to read product bar codes. This allows them to more accurately process and pack orders, track shipments, and manage inventory. Tapestry's products are primarily shipped to its retail stores and wholesale customers via express delivery providers and common carriers, and direct to consumers via express delivery providers.

To support its growth in the Asia/Pacific region, Tapestry operates distribution centers, through third-parties, in China, Hong Kong, Japan, Korea, Malaysia, the Netherlands, Singapore, and Taiwan.

Mergers and Acquisitions

In 2017 Tapestry acquired luxury apparel and accessories designer Kate Spade & Co. for $2.4 billion. Upon completion, the company changed its name from Coach and organized operations around its three luxury brands.

Tapestry, Inc.

10 HUDSON YARDS
New York, NY 10001-2157
Phone: 1 (212) 594-1850

Stats

Employer Type: Publicly Owned
Stock Symbol: TPR
Stock Exchange: , NYSE
President, Chief Administrative Officer, and Secretary: Todd Kahn
CEO and Interim CEO, Kate Spade & Company: Victor Luis
Chairman: Jide J. Zeitlin
Employees (This Location): 277
Employees (All Locations): 20,800

Major Office Locations

New York, NY

Other Locations

Anchorage, AK
Foley, AL
Mountain Brk, AL
Vestavia, AL
Chandler, AZ
Gilbert, AZ
Glendale, AZ
Scottsdale, AZ
Tucson, AZ
Alpine, CA
Arcadia, CA
Arleta, CA
Barstow, CA
Beverly Hills, CA
Brea, CA
Burlingame, CA
Cabazon, CA
Calabasas, CA
Calexico, CA
Camarillo, CA
Canoga Park, CA
Cerritos, CA
Commerce, CA
Corte Madera, CA
Costa Mesa, CA
Escondido, CA
Glendale, CA
La Jolla, CA
Lake Arrowhead, CA
Livermore, CA
Los Angeles, CA
Modesto, CA
Montebello, CA
Napa, CA
Newport Beach, CA
Ontario, CA
Palm Desert, CA
Palo Alto, CA
Pasadena, CA
Pleasanton, CA
Roseville, CA
Sacramento, CA
San Diego, CA
San Francisco, CA
San Jose, CA
Santa Ana, CA
Santa Clara, CA
Santa Monica, CA
Santa Rosa, CA
Sherman Oaks, CA
Tejon Ranch, CA
Tracy, CA
Tulare, CA
Vacaville, CA
Walnut Creek, CA
Woodland Hills, CA
Broomfield, CO
Castle Rock, CO
Denver, CO
Lakewood, CO
Littleton, CO
Clinton, CT
Farmington, CT
Greenwich, CT
Stamford, CT
Uncasville, CT
Washington, DC
Newark, DE
Rehoboth Beach, DE
Altamonte Springs, FL
Boca Raton, FL
Brandon, FL
Coral Gables, FL
Coral Springs, FL
Ellenton, FL
Estero, FL
Fort Lauderdale, FL
Fort Myers, FL
Gainesville, FL
Hialeah, FL
Jacksonville, FL
Key West, FL
Lutz, FL
Miami, FL
Naples, FL
Orlando, FL
Palm Beach, FL
Palm Beach Gardens, FL
Pompano Beach, FL
Saint Augustine, FL
Sunrise, FL
Tampa, FL
Vero Beach, FL
West Palm Beach, FL
Alpharetta, GA
Atlanta, GA
Buford, GA
Darien, GA
Dawsonville, GA
Locust Grove, GA
Pooler, GA
Woodstock, GA
Honolulu, HI
Waikoloa, HI
Waipahu, HI
West Des Moines, IA
Williamsburg, IA
Boise, ID
Aurora, IL
Chicago, IL
Geneva, IL
Hinsdale, IL
Northbrook, IL
Oak Brook, IL
Orland Park, IL
Schaumburg, IL
Skokie, IL
Tuscola, IL
Vernon Hills, IL
Evansville, IN
Fort Wayne, IN
Fremont, IN
Greenwood, IN
Indianapolis, IN
Michigan City, IN
Mishawaka, IN
Kansas City, KS
Shawnee Mission, KS
Wichita, KS
Lexington, KY
Louisville, KY
Simpsonville, KY
Metairie, LA
Shreveport, LA
Boston, MA
Braintree, MA
Burlington, MA
Chestnut Hill, MA
East Sandwich, MA
Lee, MA
Marlborough, MA
Natick, MA
Wrentham, MA
Annapolis, MD
Baltimore, MD
Bethesda, MD
Columbia, MD
Hagerstown, MD
Kensington, MD
Ocean City, MD
Oxon Hill, MD
Queenstown, MD
Freeport, ME
South Portland, ME
Ann Arbor, MI
Auburn Hills, MI
Birch Run, MI
Byron Center, MI
Clinton Township, MI
Grandville, MI
Howell, MI
Livonia, MI
Novi, MI
Sterling Heights, MI
Troy, MI
West Branch, MI
Albertville, MN
Edina, MN
Hopkins, MN
Minneapolis, MN
North Branch, MN
Rochester, MN
Saint Paul, MN
Branson, MO
Independence, MO
Kansas City, MO
Osage Beach, MO
Saint Louis, MO
Springfield, MO
Warrenton, MO
Southaven, MS
Blowing Rock, NC
Charlotte, NC
Concord, NC
Mebane, NC
Raleigh, NC
Omaha, NE
Nashua, NH
North Conway, NH
Salem, NH
Tilton, NH
Atlantic City, NJ
Carlstadt, NJ
Cherry Hill, NJ
Edison, NJ
Hackensack, NJ
Jackson, NJ
Marlton, NJ
Newark, NJ
North Bergen, NJ
Paramus, NJ
Rockaway, NJ
Sea Girt, NJ
Short Hills, NJ
Shrewsbury, NJ
Tinton Falls, NJ
Wayne, NJ
Santa Fe, NM
Henderson, NV
Jean, NV
Las Vegas, NV
Reno, NV
Albany, NY
Amagansett, NY
Central Valley, NY
Cheektowaga, NY
El Paso, NY
Garden City, NY
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Huntington Station, NY
Manhasset, NY
Monroe, NY
New York, NY
Niagara Falls, NY
Riverhead, NY
White Plains, NY
Canton, OH
Cincinnati, OH
Cleveland, OH
Columbus, OH
Dublin, OH
Fairlawn, OH
Jeffersonville, OH
Monroe, OH
Sunbury, OH
Toledo, OH
West Chester, OH
Westlake, OH
Wilmington, OH
Oklahoma City, OK
Tulsa, OK
Portland, OR
Tualatin, OR
Woodburn, OR
Ardmore, PA
Grove City, PA
Hershey, PA
King Of Prussia, PA
Lahaska, PA
Lancaster, PA
Langhorne, PA
Philadelphia, PA
Pittsburgh, PA
Reading, PA
Whitehall, PA
San Juan, PR
Providence, RI
Bluffton, SC
Charleston, SC
Gaffney, SC
Greenville, SC
Myrtle Beach, SC
Chattanooga, TN
Dyersburg, TN
Elizabethton, TN
Germantown, TN
Knoxville, TN
Lebanon, TN
Nashville, TN
Sevierville, TN
Allen, TX
Austin, TX
Cypress, TX
Dallas, TX
El Paso, TX
Frisco, TX
Grand Prairie, TX
Houston, TX
Katy, TX
Laredo, TX
Mcallen, TX
Mercedes, TX
Murphy, TX
Plano, TX
Rockwall, TX
Round Rock, TX
San Antonio, TX
San Marcos, TX
Spring, TX
Sugar Land, TX
Terrell, TX
Texas City, TX
Tyler, TX
Park City, UT
Arlington, VA
Charlottesville, VA
Fairfax, VA
Leesburg, VA
Mc Lean, VA
Richmond, VA
Williamsburg, VA
Woodbridge, VA
Manchester Center, VT
Bellevue, WA
Bellingham, WA
Federal Way, WA
Kennewick, WA
Quil Ceda Village, WA
Seattle, WA
Tacoma, WA
Tukwila, WA
Madison, WI
Pleasant Prairie, WI
Adachi-Ku, Japan
Akita, Japan
Aomori, Japan
Chiba, Japan
Chitose, Japan
Chiyoda-Ku, Japan
Chuo-Ku, Japan
Ebina, Japan
Fuchu, Japan
Fujisawa, Japan
Fukui, Japan
Fukuoka, Japan
Fukuyama, Japan
Funabashi, Japan
Gamou-Gun, Japan
Gifu, Japan
Gotemba, Japan
Hachioji, Japan
Hakodate, Japan
Hamamatsu, Japan
Hanyu, Japan
Himeji, Japan
Hiroshima, Japan
Hokuto, Japan
Imba-Gun, Japan
Inashiki-Gun, Japan
Iruma, Japan
Izumisano, Japan
Kagoshima, Japan
Kanazawa, Japan
Kashihara, Japan
Kashiwa, Japan
Kawagoe, Japan
Kawasaki, Japan
Kisarazu, Japan
Kitahiroshima, Japan
Kitakyushu, Japan
Kita Saku-Gun, Japan
Kobe, Japan
Kofu, Japan
Koriyama, Japan
Koshigaya, Japan
Koto-Ku, Japan
Kumagaya, Japan
Kumamoto, Japan
Kurashiki, Japan
Kusatsu, Japan
Kushiro, Japan
Kuwana, Japan
Kyoto, Japan
Machida, Japan
Matsudo, Japan
Matsue, Japan
Matsuyama, Japan
Minato-Ku, Japan
Mito, Japan
Miyazaki, Japan
Moriguchi, Japan
Morioka, Japan
Musashino, Japan
Nagano, Japan
Nagasaki, Japan
Nagoya, Japan
Naha, Japan
Nara, Japan
Narita, Japan
Nasushiobara, Japan
Niigata, Japan
Nishinomiya, Japan
Obihiro, Japan
Odawara, Japan
Oita, Japan
Okayama, Japan
Okazaki, Japan
Osaka, Japan
Ota-Ku, Japan
Otsu, Japan
Oyabe, Japan
Sagamihara, Japan
Saitama, Japan
Sakai, Japan
Sano, Japan
Sapporo, Japan
Sendai, Japan
Setagaya-Ku, Japan
Shibuya-Ku, Japan
Shimonoseki, Japan
Shinjuku-Ku, Japan
Shizuoka, Japan
Suita, Japan
Sumida-Ku, Japan
Tachikawa, Japan
Taito-Ku, Japan
Takamatsu, Japan
Takasaki, Japan
Takatsuki, Japan
Toki, Japan
Tokoname, Japan
Tokorozawa, Japan
Tokushima, Japan
Tomigusuku, Japan
Toshima-Ku, Japan
Tosu, Japan
Tottori, Japan
Toyama, Japan
Toyohashi, Japan
Toyonaka, Japan
Toyota, Japan
Utsunomiya, Japan
Wakayama, Japan
Yamaguchi, Japan
Yokkaichi, Japan
Yokohama, Japan
Yonago, Japan
Burlington, Canada
Burnaby, Canada
Calgary, Canada
Côte Saint-Luc, Canada
Edmonton, Canada
Georgetown, Canada
Kitchener, Canada
London, Canada
Markham, Canada
Mississauga, Canada
Newmarket, Canada
North York, Canada
Ottawa, Canada
Pointe-Claire, Canada
Richmond, Canada
Rocky View County, Canada
Thornhill, Canada
Toronto, Canada
Vancouver, Canada
Victoria, Canada
West Vancouver, Canada
Windsor, Canada
Paris, France