Tapestry CEO: Stuart Weitzman Remained ‘Challenged’ in Q4, But Coach Shoes Are Driving Gains

As Tapestry Inc. closed out fiscal 2024, chief executive officer Joanne Crevoiserat drilled down on what the company will focus on going forward at its challenged Stuart Weitzman footwear label. During the company’s earnings call with analysts on Thursday, Crevoiserat called this year’s results at Stuart Weitzman “challenged” and “significantly impacted” by external pressures in the brand’s two key markets of North America and Greater China. “Despite disappointing financial results, we continue to focus on brand building initiatives to drive awareness, growth and profitability long term,” the executive said. Looking ahead to fiscal 2025, Crevoiserat noted that the Stuart Weitzman team is prioritizing fueling brand relevancy with emotional storytelling and growing icons in key item platform. The brand also is further expanding its casual segment and accelerating growth in wholesale where there’s clear traction. “Overall, we see long-term potential for the brand with an empowered team focused on delivering improved top- and bottom-line performance,” she added. In the fourth quarter of 2024, Tapestry reported that net sales at Stuart Weitzman declined 19 percent from the same time last year to $50.6 million. For the full fiscal year, net sales at the footwear brand fell 14 percent from fiscal 2023 to $241.5 million. “During the quarter,

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