US stocks: Tapestry forecasts weak annual sales as Kate Spade struggles, shares tumble 15%
Tapestry has reported quarterly profits that surpass expectations despite a forecast of sluggish annual revenue growth. Kate Spade's sales fell by seven percent, in stark contrast to Coach, which saw a robust fourteen percent increase. Meanwhile, growth in North American revenue slowed to seven percent as consumer spending remained cautious.…
The Economic Times ·