# Tapestry brand performance and retail restructuring

> Live situation record from CLSTR: https://clstr.news/situations/tapestry-brand-performance-and-retail-restructuring
> Updated: 2026-08-18T14:04:58.000Z. Sources: 10. Developments: 2.

Tapestry has reported divergent financial performance between its primary brands, Coach and Kate Spade. While Coach has seen strong demand from affluent and younger consumers—particularly in China and Europe—Kate Spade has experienced persistent weakness and declining sales.

In response to these trends, the company is restructuring its retail network. During the 2026 fiscal year, Tapestry closed 64 directly managed stores, including 24 Coach and 40 Kate Spade locations. However, the company expanded the Coach footprint by opening 66 new stores. Conversely, Kate Spade saw a net reduction in its network, opening only six new locations. To address the performance of Kate Spade, Tapestry appointed Jonathan Saunders as executive creative director.

## Timeline

### 2026-08-18: Tapestry restructures retail network for Coach and Kate Spade

Tapestry is restructuring its retail network, closing 64 stores while expanding Coach's footprint to offset declining sales at Kate Spade.

3 sources. https://clstr.news/cluster/tapestry-restructures-retail-network-for-coach-and-kate-spade

### 2026-08-13: Tapestry forecasts strong profit as Coach demand grows

Tapestry forecasts strong annual profits driven by Coach handbag demand among young shoppers, despite revenue weakness in the Kate Spade brand and a muted overall revenue outlook.

7 sources. https://clstr.news/cluster/tapestry-forecasts-strong-profit-as-coach-demand-grows

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Cite as: Tapestry brand performance and retail restructuring. CLSTR, https://clstr.news/situations/tapestry-brand-performance-and-retail-restructuring