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-0.000307692307692247 0.0012307692307692 -0.000615384615384493 0.000615384615384712 0.00184615384615392 0.00184615384615392 0.00184615384615392 0.00184615384615392
Stock impact report

Tapestry offloads Stuart Weitzman to focus on Coach and Kate Spade [Yahoo! Finance]

Caleres, Inc. (CAL) 
Last caleres, inc. earnings: 3/12 04:10 pm Check Earnings Report
US:NYSE Investor Relations: investor.caleres.com
Company Research Source: Yahoo! Finance
With this acquisition, Caleres strengthens its leadership in women's fashion footwear while Tapestry will sharpen focus to fuel growth at Coach and Kate Spade. Stuart Weitzman, headquartered in New York City, has been manufacturing luxury women footwear but recently broadened its product range to include handbags and men's shoes. The divesture comes as Stuart Weitzman recorded a decline in revenue during the fiscal second quarter ending 28 December 2024, with sales falling 15% to $69.7m from $82.2m in the previous year. This transaction is subject to customary adjustments and marks a significant shift in Tapestry's brand portfolio. Tapestry CEO Joanne Crevoiserat stated: "Stuart Weitzman is an iconic global footwear brand, whose teams have added to the passion, creativity and craftsmanship of our organisation over the last decade. "Importantly, as diligent stewards of our portfolio and disciplined allocators of capital, this transaction ensures that all our brands are posit Show less Read more
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