The boss of Coach and Kate Spade expects Africa, not China, to be the focus of his children’s careers over the next 20 to 40 years. “Goodness, if we ever get Africa growing, I get excited,” said Tapestry CEO Victor Luis at a conference this week. Africa’s under-25 population is […]
Stocks plunged on Monday after China announced it would slap tariffs on US goods in response to higher US duties on Chinese goods. Fashion stocks including Victoria’s Secret-owner L Brands, Gap, and Abercrombie & Fitch were among the biggest decliners due to their dependence on Chinese suppliers and consumers. Markets […]
America’s fastest-growing retailers bring in millions of dollars in sales each year. A recent ranking in the National Retail Federation’s Stores magazine looked at America’s top 100 fastest-growing retail companies based on year-over-year domestic sales growth. Primark, Bass Pro Shops, and Build.com took the top three spots in the ranking, […]
Sales at Kate Spade “exceeded” expectations during the most recent quarter, parent company Tapestry reported Tuesday. Analysts are crediting the boost to a wave of nostalgic purchases made in the wake of the late designer’s death. Spade had not been part of her namesake handbag label for more than a […]
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