Todd Kahn, CEO and brand president of Coach, discusses the brand's growth, attributing much of its recent success to a strategic focus on Gen Z consumers. He speaks with Romaine Bostick and Katie Greifeld on "The Close."
Capri Holdings (NYSE:CPRI) reported a 3.7% decline in fourth-quarter revenue for fiscal 2026, as the luxury fashion group continued to navigate broader demand headwinds across the global consumer discretionary sector.
Ralph Lauren (NYSE:RL) reported a powerful third-quarter beat on Thursday, as the luxury brand’s "premiumization" strategy—centered on higher prices and reduced discounting—drove record holiday sales across all global regions.
Tapestry reported strong quarterly earnings driven primarily by its Coach brand, which accounted for $1.6 billion of the $1.9 billion in net sales and continues to deliver double-digit growth. Despite beating on many metrics and providing a revenue forecast in line with estimates for the new fiscal year, the stock fell sharply as investors were expecting more, especially after a 20% run-up prior to the report.
