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Tapestry scraps Kate Spade store openings after moderate growth

15/08/2019
Tapestry scraps Kate Spade store openings after moderate growth

Accessories group Tapestry has described the 2019 financial year as one of “meaningful evolution”, after its brands reported moderate growth and disappointing sales in the US. Its biggest brand, handbag company Coach, reported a 2% rise in sales to $4.27 billion. “We understand that driving sustainable growth at Coach is essential to the success ...

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