TAPESTRY, INC.

Tapestry, Inc. (NYSE: TPH) operates as a global house of iconic accessories and lifestyle brands headquartered in New York. The company's website is www.tapestry.com.

Tapestry designs, manufactures, and distributes fashion accessories and lifestyle products through two primary reportable segments: Coach and kate spade new york. Coach, founded in 1941, represents the larger division at 86.4% of total net sales and focuses on expressive luxury accessories and lifestyle collections. Kate Spade, launched in 1993, comprises 13.4% of net sales and specializes in feminine, colorful, and optimistic fashion products ranging from handbags to ready-to-wear and home décor. The company divested Stuart Weitzman in August 2025, which had represented less than one percent of revenues.

The company operates approximately 1,299 stores globally, including 514 Coach locations in North America and 637 internationally, alongside 326 Kate Spade stores distributed across North America and international markets. Tapestry employs approximately 20,600 people worldwide, with roughly 16,800 working in retail locations. The direct-to-consumer channel, encompassing retail stores, outlet locations, and e-commerce platforms, generates approximately 87% of total net sales, while wholesale partnerships with department stores and specialty retailers account for roughly 12%.

Handbags represent the largest product category at 57.6% of total revenues, followed by accessories at 27.9%, with footwear and other categories comprising the remainder. The company maintains a diversified manufacturing footprint across Vietnam, Cambodia, the Philippines, India, and Bangladesh, with no single vendor providing more than 10% of inventory purchases for either brand.

Tapestry's 2028 growth strategy, termed "Amplify," focuses on building emotional connections with consumers, particularly Gen Z demographics, fueling fashion innovation in handbags and leathergoods, delivering compelling global experiences with emphasis on Greater China and Europe, and developing a consumer-obsessed organizational culture. The company leverages advanced information technology platforms, including cloud-based systems and artificial intelligence capabilities, to enhance omni-channel operations and customer engagement across its global markets.