Handbag Demand Comes up Clutch for Ralph Lauren, Tapestry -- Market Talk

Dow Jones

Feb 06, 2025

1059 ET - Handbags are having a moment, depending on the brand. Ralph Lauren's 3Q results beat Wall Street's predictions with broad growth coming during the holiday season. CEO Patrice Louvet on an earnings call says handbags exceeded its expectations with sales up double-digits to last year. Tapestry, meanwhile, also reported strong quarterly sales. This was powered by growth at its Coach brand, which CEO Joanne Crevoiserat notes delivered broad growth in handbags. The luxury-fashion company's other brands such as Kate Spade and Stuart Weitzman saw sales decline in the quarter, and Tapestry said it plans to trim the number of Kate Spade handbag styles. Shares of Ralph Lauren jump 15% to $286.19, making it the best performer in the S&P 500, while Tapestry is the second best performer in the index with shares up 14% to $83.54. (denny.jacob@wsj.com; @pennedbyden)

(END) Dow Jones Newswires

February 06, 2025 10:59 ET (15:59 GMT)

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Ralph Lauren's 3Q results beat Wall Street's predictions with broad growth coming during the holiday season. CEO Patrice Louvet on an earnings call says handbags exceeded its expectations with sales up double-digits to last year. Tapestry, meanwhile, also reported strong quarterly sales. This was powered by growth at its Coach brand, which CEO Joanne Crevoiserat notes delivered broad growth in handbags. The luxury-fashion company's other brands such as Kate Spade and Stuart Weitzman saw sales decline in the quarter, and Tapestry said it plans to trim the number of Kate Spade handbag styles. Shares of Ralph Lauren jump 15% to $286.19, making it the best performer in the S&amp;P 500, while Tapestry is the second best performer in the index with shares up 14% to $83.54. (denny.jacob@wsj.com; @pennedbyden) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 06, 2025 10:59 ET (15:59 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Handbag Demand Comes up Clutch for Ralph Lauren, Tapestry -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHandbag Demand Comes up Clutch for Ralph Lauren, Tapestry -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-02-06 23:59</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1059 ET - Handbags are having a moment, depending on the brand. Ralph Lauren's 3Q results beat Wall Street's predictions with broad growth coming during the holiday season. CEO Patrice Louvet on an earnings call says handbags exceeded its expectations with sales up double-digits to last year. Tapestry, meanwhile, also reported strong quarterly sales. This was powered by growth at its Coach brand, which CEO Joanne Crevoiserat notes delivered broad growth in handbags. The luxury-fashion company's other brands such as Kate Spade and Stuart Weitzman saw sales decline in the quarter, and Tapestry said it plans to trim the number of Kate Spade handbag styles. Shares of Ralph Lauren jump 15% to $286.19, making it the best performer in the S&amp;P 500, while Tapestry is the second best performer in the index with shares up 14% to $83.54. (denny.jacob@wsj.com; @pennedbyden) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 06, 2025 10:59 ET (15:59 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"RL","symbol_name":"拉夫劳伦","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2509203009","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2509203009","pubTimestamp":1738857540,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1059 ET - Handbags are having a moment, depending on the brand. Ralph Lauren's 3Q results beat Wall Street's predictions with broad growth coming during the holiday season. CEO Patrice Louvet on an earnings call says handbags exceeded its expectations with sales up double-digits to last year. Tapestry, meanwhile, also reported strong quarterly sales. This was powered by growth at its Coach brand, which CEO Joanne Crevoiserat notes delivered broad growth in handbags. The luxury-fashion company's other brands such as Kate Spade and Stuart Weitzman saw sales decline in the quarter, and Tapestry said it plans to trim the number of Kate Spade handbag styles. Shares of Ralph Lauren jump 15% to $286.19, making it the best performer in the S&P 500, while Tapestry is the second best performer in the index with shares up 14% to $83.54. 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Ralph Lauren's 3Q results beat Wall Street's predictions with broad growth coming during the holiday season. CEO Patrice Louvet on an earnings call says handbags exceeded its expectations with sales up double-digits to last year. Tapestry, meanwhile, also reported strong quarterly sales. This was powered by growth at its Coach brand, which CEO Joanne Crevoiserat notes delivered broad growth in handbags. The luxury-fashion company's other brands such as Kate Spade and Stuart Weitzman saw sales decline in the quarter, and Tapestry said it plans to trim the number of Kate Spade handbag styles. Shares of Ralph Lauren jump 15% to $286.19, making it the best performer in the S&P 500, while Tapestry is the second best performer in the index with shares up 14% to $83.54. (denny.jacob@wsj.com; @pennedbyden) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 06, 2025 10:59 ET (15:59 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}