Tapestry: Decent Price, Decent Prospects

Jul. 11, 2023 8:52 PM ETTapestry, Inc. (TPR) StockCPRI, RL, TPR1 Comment
LD Investments
3.07K Followers

Summary

  • Tapestry is seeing growth in China and among Gen Z customers but faces challenges in the US, its biggest market, due to potential interest rate hikes and recession.
  • Strategic efforts to woo Gen Z shoppers could bear fruit, and initial signs are encouraging.
  • Stands out with a number of positives relative to peers, and could be positioned to benefit when conditions improve.
Store sign- Coach. Coach Announces Name Change to Tapestry Inc, the company is known for accessories and gifts for women and men.

JHVEPhoto/iStock Editorial via Getty Images

Signs of growth for Tapestry (NYSE:TPR) helped by China's post-pandemic re-opening as well greater spending by Gen Z shoppers. It remains to be seen if the momentum could continue; weakening macro conditions in their biggest market - the U.S., - suggest soft near term prospects. Tapestry

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