Tapestry forecasts annual profit below estimates on tariff pain, shares plunge

Tapestry forecasts annual profit below estimates on tariff pain, shares plunge

(Reuters) -Tapestry forecast annual profit below estimates on Thursday, as the Coach handbag maker grapples with higher tariff costs, sending the company’s shares down 8% in premarket trading. The company estimates a $160-million hit from the U.S. import duties, which could result in an about 230-basis-point impact on its fiscal 2026 operating margin. Tapestry primarily…

Read More
AI in fashion and retail

Creativity, Careers, and Future Trends

Artificial intelligence isn’t just the next big thing or a supercharged trend — it’s everywhere all at once. That includes in the apocalyptic dreams of those who see an evolutionary battle between man and machine, the utopian hopes of the glass-half-full crowd and, increasingly, the strategic plans of chief executive officers. And how could it…

Read More