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This statistic highlights Tapestry’s Revenue by Segment, split across the company’s three luxury brand segments namely Coach, Kate Spade, and Stuart Weitzman, reported on a quarterly basis from 2016 onwards.
Tapestry’s Revenue by Segment
The following table shows Tapestry’s Revenue by Segment for Q1 2022, Q4 2021, and Q1 2021:
|Revenue by Segment||Q1 2021||Q4 2021||Q1 2022||Contribution in Q1 2022|
(All figures in millions, except percentages)
Around 75.29% of the company’s total revenue is held by this segment. Coach is a prominent luxury brand dealing with trendy lifestyle collections and luxury accessories, widely known for its quality craftsmanship. Coach, defined by a free-spirited all-American attitude, approaches its designs keeping in mind the modern luxury requirements with innovation and authenticity that is unique as well as effortless. Some of its product categories include; Handbag’s Collection, Women Accessories (wallets, wristlets, cosmetic cases, keyrings, charms, and novelty accessories), Men’s (bags collection, small leather goods, footwear, sunglasses watches, ready-to-wear, etc), Other products (women’s eyewear, gloves, scarves, watches, fragrances, hats, etc). Coach operates its sales through independent stores, concession shop-in-shop locations, e-commerce platforms, along with wholesales and autonomous third-party distributors.
Revenue from this segment marked an upward trajectory of about 27.36% on a year-on-year basis, specifically stating from $875.4 million in Q1 2021 to $1,114.9 million in Q1 2022.
Beginning its journey from just six essential handbags range in 1993, Kate Spade has come a long way, today it is widely recognized as a global lifestyle brand, delivering a seasonal assortment of handbags, footwear, ready-to-wear, gifts, jewelry, home décor, and much more. Not only, Kate Spade is known for its unique brand DNA and rich heritage, but also offers a distinct point of view towards the communities of women who live their perfectly imperfect lifestyles. Some of its product categories include; Women’s Handbags, Women Accessories (wallets, wristlets, cosmetic cases, keyrings, charms, and novelty accessories), and Other Products (bedding, fashion, housewares, home accessories, tableware, stationery, etc). The brand reaches its customers through its stores, concession shop-in-shop locations, e-commerce platforms, wholesales, and autonomous third-party distributors.
Revenue from this segment accounts for around 20.22% of the company’s total revenue. It increased from $240.4 million in Q1 2021 to $299.5 million in Q1 2022, marking an upsurge of about 24.58%, on a year-on-year basis.
Stuart Weitzman is a leading luxury brand that focuses on creating effortless shoes for women, each pair of which are engineered to provide comfort and confidence amongst femininity. Stuart Weitzman, as defined by bold, energetic, and purpose-driven attitude, is recognized for its distinctive approach of integrating fashion, function, and fit in every silhouette. Its sales operations are done through various platforms including, independent stores, e-commerce platforms, sales to wholesale customers, and autonomous third-party distributors.
Revenue from this segment accounts for around 4.49% of the company’s total revenue. Revenue from this segment marked growth of 17.9%, amounting from $56.4 million in Q1 2021 to $66.5 million in Q1 2022, on a year-on-year basis.
About the Company
Tapestry Inc is a prominent New-York based company, dealing in modern luxury accessories and lifestyle brands. It was founded in 1941 and is currently headquartered in New York, United States. The company changed its name from Coach to Tapestry in October 2017, particularly to represent the wide range of assortment offered by the company. Likewise, the ticker symbol registered under New York Stock Exchange (NYSE), changed from “COH” to “TPR”, which was formerly not welcomed by the investors leading to a reduction in share price which later on recovered at a good pace.
It operates through its eminent brands, Coach, Kate Spade, and Stuart Weitzman, well-known for its quality craftsmanship and uniqueness. These brands inclusively offer a wide range of handbags, footwear, ready-to-wear, fragrance, leather goods, outerwear, watches, and travel accessories. Some of its primary competitors are Signet Jewelers Ltd, Jimmy Choo, Gucci, Salvatore Ferragamo, and Fossil Group.
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