What does the name Tapestry mean?
Tapestry is a New York-based house of modern luxury lifestyle brands. Our portfolio includes the Coach, kate spade new york, and Stuart Weitzman brands. Effective October 31, 2017, we changed our name from Coach, Inc. to Tapestry, Inc. to establish a strong and distinct corporate identity, while enabling our brands to express their unique proposition to consumers. The name Tapestry reflects our core values of optimism, inclusivity, and innovation and speaks to creativity, craftsmanship, and authenticity on a shared platform.
To learn more about Tapestry, our vision and values, we invite you to watch the video found on our homepage.
Where can I learn more about the brands in Tapestry’s portfolio?
Defined by inclusivity rather than exclusivity, we are a global house of brands that embraces the exploration of individuality. We believe that true luxury is a freedom of expression that ignites confidence and authenticity.
Approachable and inviting, we celebrate brands that create joy every day for people around the world. Our passion, detailed approach and genuine love of what we do enables us to develop and nurture brands so that they can reach their full potential.
The value of our brands is not bestowed by previous generations or borrowed from tradition. It is determined by quality, craftsmanship, creativity and the opportunity for self-expression they provide.
Coach is a leading design house of modern luxury accessories and lifestyle collections, with a long-standing reputation built on quality craftsmanship. Defined by a free-spirited, all-American attitude, the brand approaches design with a modern vision, reimagining luxury for today with an authenticity and innovation that is uniquely Coach. All over the world, the Coach name is synonymous with effortless New York style.
Coach started as a family-run workshop in New York City in 1941. Its six artisans set out with a simple goal: to make beautiful, functional items in modern shapes from the finest leathers. As a pioneer in the leather goods and accessories space, the brand went on to establish itself as the Original American House of Leather. Coach remains inspired by its rich heritage, with the spirit of innovation it has had for over 75 years.
kate spade new york
Since its launch in 1993 with a collection of six essential handbags, Kate Spade New York has always stood for optimistic femininity. Today, the brand is a global life and style house with handbags, ready-to-wear, jewelry, footwear, gifts, home décor and more. Polished ease, thoughtful details and a modern, sophisticated use of color—Kate Spade New York’s founding principles define a unique style synonymous with joy. Under the vision of creative director Nicola Glass, the brand continues to celebrate confident women with a youthful spirit.
Stuart Weitzman is a leading accessories brand that is synonymous with strength in femininity. Defined by an energetic, bold and purpose-driven attitude, SW is known for its unique approach to melding fashion, function and fit in every silhouette. The brand’s focus on creating effortless shoes and handbags — each engineered to empower women with both confidence and comfort — has resonated around the world and continues to inspire women to conquer every day, one stylish step at a time.
How many stores does Tapestry operate across brands?
We directly operate approximately 1,500 stores globally across our three brands.
Is Tapestry a publicly traded company?
Yes. We had our initial public offering in October 2000 under the Coach, Inc. name. Effective October 31, 2017, Coach, Inc. changed its name to Tapestry, Inc. trading under the symbol TPR on the New York Stock Exchange.
When was the Company’s initial public offering and at what price?
Our IPO occurred on October 4, 2000 (NYSE: COH), at a price of $16.00 per share, the current equivalent of $2.00 per share, after giving effect to the three subsequent stock splits in July 2002, October 2003 and April 2005.
Is the Company included in any major stock index?
Yes, we are included in the S&P 500 index.
Is the stock widely followed by security analysts?
Yes, our stock is followed by a substantial number of sell-side analysts who represent major national and regional brokerage firms.
Where is Tapestry headquartered?
Our corporate headquarters are located at 10 Hudson Yards in midtown Manhattan.
How many people does the Company employ?
As of June 27, 2020, we employed approximately 17,300 people globally.
When does the Company’s fiscal year end?
Our fiscal year ends the Saturday closest to June 30th.
When does the Company report its quarterly results?
We report first quarter results in late October, second quarter results in early February, third quarter results in early May and fourth quarter results in mid-August.
How can I obtain a copy of the Company’s 10-K Form and/or a Proxy Statement?
These documents are available in the Financial Reports section of our website.
How can I purchase the Company’s stock?
Please contact a stockbroker.
Does the Company pay a dividend on its stock?
On March 26, 2020, the Company announced the temporary suspension of its dividend program in light of the Covid-19 pandemic. The last quarterly dividend payment was $0.3375 per common share paid on March 30, 2020 to shareholders of record as of the close of business on March 6, 2020. Tapestry’s strategic intent is to return capital to shareholders through a dividend on a long-term basis. Our Board will continue to evaluate when appropriate.
Does the Company offer a dividend reinvestment plan or a direct reinvestment plan?
We offer a dividend reinvestment plan, but not a direct investment plan.
When and where is the Company’s Annual Shareholders Meeting?
We expect to hold our 2020 Annual Shareholders Meeting in early November. Additional details to be provided in the company’s upcoming proxy filing.
Does the Company mail quarterly reports to shareholders?
No, we do not. However, we invite our shareholders to listen to our quarterly conference calls. In addition, we publicly issue results, which are available on this website under Investor Relations, Press Releases.
As a registered shareholder, who should I contact to report my address change/request a stock certificate/report a lost Stock certificate/find out how many shares of Tapestry, Inc. stock I own?
Registered shareholders should contact our transfer agent and registrar, Broadridge Corporate Issuer Solutions:
• Mail: Broadridge Corporate Issuer Solutions, Inc., P.O. Box 1342, Brentwood, NY 11717
• Telephone: 1-888-808-3038 (Domestic callers); 1-720-358-3607 (International callers)
• E-mail: firstname.lastname@example.org
• Website: www.shareholder.broadridge.com
If you hold your shares in street name, please contact your broker.
What is the Company’s CUSIP number?
Our CUSIP number is 876030107.
Who are the Company’s independent auditors?
Deloitte and Touche, LLP.
How can I apply for employment at Tapestry?
We are a multi-brand, globally minded company that believes every individual has the opportunity to make an impact on our business, culture and future. We get to know each of our employees so that they can find the right path for their journey. If you are passionate, dedicated and want to help us create joy every day for people around the world, please get in touch here
Does the Company have an Internship program?
Yes. We offer summer internship opportunities across our brands. Throughout the year, we also offer a design apprentice program for creative talent. For additional information, please get in touch here
Does the Company donate product to charity?