Tapestry Focuses on Global Growth as It Reopens Stores in China
Like the rest of the retail industry, Tapestry (NYSE: TPR), the parent company of luxury goods brands Coach, Kate Spade, and Stuart Weitzman, has had to close stores and shore up cash as it attempts to fulfill its customers' needs through digital means. It announced on April 20 that all mainland China stores have now reopened, which gives the company a potentially renewed source of revenue to keep operations going.
While Tapestry has made similar adjustments to its business as other retailers, the company's initiatives have been quite broad. Over the course of the COVID-19 pandemic, it has taken all of these actions and more:
Image source: Getty images.
Source Fool.com
