Why Shares of Tapestry are Down Sharply Today
Shares of Tapestry (NYSE: TPR), the corporate owner of the Coach and Kate Spade brands, were trading down on Thursday on growing concerns about business disruption due to the outbreak of COVID-19.
As of 2 p.m. EST, Tapestry's shares were down about 7.2% from Wednesday's closing price.
There are a couple of reasons why investors in Tapestry and other fashion and luxury companies are having COVID-19-related concerns today.
Source Fool.com
