Latest News

Tapestry's Gain Thanks to TikTok

Joanne Crevoiserat Chief Executive Officer of Tapestry announced a pickup in heart-shaped Kate Spade bag sales after it was shared globally via TikTok a month ago. She said the sales were successful and there’s still demand; we are restocking. Owing to the popular social networking service, Tapestry and other retailers have taken off after the outbreak; another example is toy companies. Stocks of Tapestry had a 4.6% growth on January 4, hitting predictions by Wall Street.

The luxury fashion company saw a reduction in its quarterly sales, 7%, when compared with a year ago; but there was a growth in its global online sales. The New-York-headquartered luxury brands company is satisfied with a rise in online sales and consumers’ high demand, she added. Tapestry’s digital earnings, $1.3 billion in the last 12 months, reveals a more than double surge.

Samira H.

Read more
By Saha on October 19, 2021

Newsletter

Enter your email address below to subscribe to our newsletter and keep up to date with the latest news, discounts and special offers.

Latest Comments