Coach Inc. is changing its name to Tapestry

11 October, 2017, 23:38 | Author: Regina Silva
  • Wall Street shares start mixed in New York

Its Coach brand, incorporating handbags, womenswear and menswear lines, will remain unchanged.

"We are now at a defining moment in our corporate reinvention, having evolved from a mono-brand specialty retailer to a true house of emotional, desirable brands", Luis said in a company release.

Tapestry is "a wonderful metaphor for what we believe in, which is individual threads of different colors all working together to create a picture", company CEO Victor Luis said in a statement. Coach shares fell as much as 2.8 percent to $38.90 in NY, the biggest intraday drop in more than three weeks. Coach bought Kate Spade earlier this year and shoemaker Stuart Weitzman in 2015 to grow into a broader lifestyle company.

Indeed, social media users have not been too happy about this change, after 76 years as an industry leader.

"This is freaky & a strategy departure".

Boy Scouts board votes unanimously to allow girls to join
She also accused BSA of flouting the Congressional Charter and of "undercutting" the Girl Scouts organization by aiming to recruit girls.


Traders Buy Shares of Amazon.com, Inc. (AMZN) on Weakness
Meritage Mgmt holds 1.67% of its portfolio in Amazon.com, Inc. ( AMZN ) Stock Higher?" with publication date: "October 11, 2017. Analysts have a consensus recommendation of 1.80 based on a 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.


Demi Lovato Explores Her Struggles in 'Simply Complicated' Documentary Trailer
I was not easy to work with. 'I went on like a bender for like two months, where I was using daily, ' she continues. Her friend complimented her acting in the scene and she quipped, "Thanks, I wasn't acting much".


"$COH changing its name to "Tapestry" is a frightful branding idea".

Coach Inc. will also change its ticker symbol on the New York Stock Exchange from "COH", to "TPR". "Fire the executive who proposed the change", J Christian Bernabe, a nonprofit digital content director, tweeted.

Founded in a loft in Manhattan in 1941, Coach has grown into a multi-billion dollar company, building its business on the success of its Coach handbags that for many years were widely coveted by wealthy women shoppers around the world.

Another Twitter user, SpecialK, posted: "Coach is changing its name to a popular Carole King album & a awful name for a leather bag maker!"

In recent years, Coach has lost its shine and title as a luxury brand due to the over saturation of their bags in outlet malls and shops.

Recommended:

  • Dominique Rodgers-Cromartie to return to Giants

    Dominique Rodgers-Cromartie to return to Giants

    Rodgers-Cromartie has been one of the Giants' key defensive players, missing just two games since he arrived in NY . Apple vented to reporters after the loss to the Chargers about "the whole culture" of the Giants.
    International Business Machines Corporation (NYSE:IBM) EPS Analysis

    International Business Machines Corporation (NYSE:IBM) EPS Analysis

    Wellington Shields Capital Management LLC boosted its stake in International Business Machines Corp.by 2.5% in the third quarter. Finally, Weatherly Asset Management L.P. boosted its stake in International Business Machines Corp.by 2.3% in the third quarter.
    Phil Noto Debuts Stunning Star Wars: The Last Jedi Illustration

    Phil Noto Debuts Stunning Star Wars: The Last Jedi Illustration

    Rey's expedited Force mastery - coupled with Luke's concern for taking her on as an apprentice - could send her down the path that leads her to Snoke.
  • UFC Fight Night 121: Mark Hunt replaced with Fabricio Werdum

    UFC Fight Night 121: Mark Hunt replaced with Fabricio Werdum

    Hunt then went onto claim that it's his pending lawsuit against the UFC that spurred the decision to pull him from the fight rather than concerns about his health.

    Iridium payload released from Falcon 9 rocket in orbit

    The first stage of this Falcon 9 rocket was flown on February 19 to send cargo to the International Space Station. Today's launch is for EchoStar and SES, a satellite with a dual objective for both of these clients.
    High-Spirited India Brace Up For Ghana Challenge

    High-Spirited India Brace Up For Ghana Challenge

    Ghana stands the chance of qualifying from Group A as second placed team or finish as a best third placed country. De Matos said his boys are determined to fight it out for a win and do even better than against Colombia.
  • Stifel Nicolaus Reiterates

    Stifel Nicolaus Reiterates "Buy" Rating for Activision Blizzard, Inc (ATVI)

    After $1.48 actual EPS reported by Copa Holdings, S.A. for the previous quarter, Wall Street now forecasts 56.08% EPS growth. This is calculated by taking weekly log normal returns and standard deviation of the share price over one year annualized.
    Hammond won't budget now for a 'no-deal' Brexit

    Hammond won't budget now for a 'no-deal' Brexit

    But the Chancellor failed to confirm reports that next month's Autumn budget will not include funds for a no-deal Brexit . She was cheered by Brexit-backing MPs as she said: "Where money needs to be spent, it will be spent".
    Taylor Swift's New App Comes Right from the Kim Kardashian Playbook

    Taylor Swift's New App Comes Right from the Kim Kardashian Playbook

    New songs, videos, and photos will be added each week for those who download the app, available in the app store later this year. While there is no exact release date yet set for " The Swift Life ", it can be expected in beta form before the end of 2017.
  • Trump to name new Homeland Security secretary

    Trump to name new Homeland Security secretary

    A White House official described Nielsen as on the "inside track" for the job, adding that the president is "very fond" of her. Bush and launched the Offices of Legislative Policy and Government Affairs at the Transportation Security Administration.
    Man dressed as shark arrested under burka ban in Austria

    Man dressed as shark arrested under burka ban in Austria

    Despite this the law does cover a number of face coverings including party masks, ski masks and surgical masks worn on the street. Police issued a misdemeanor citation to the man along with a fine, which can be nearly as high as $180.
    Analytical Report on Express Scripts Holding Company (ESRX)

    Analytical Report on Express Scripts Holding Company (ESRX)

    It dropped, as 113 investors sold ESRX shares while 436 reduced holdings. 75 funds opened positions while 234 raised stakes. Bank of Hawaii's holdings in Express Scripts Holding were worth $575,000 at the end of the most recent reporting period.


Popular

Motorola Moto Z2 Play Lands On Vodafone
The original price of Moto E4 smartphone is Rs.8,999 but under the Diwali Offer it can be purchased in Rs.8,199 only. It has to be noted that the Moto Diwali special offer is valid only when you buy the devices from offline stores.

Western Digital Corporation (NASDAQ:WDC) Undervalued by 1.2%
As of December 31, 2016, the Company operated in two geographically organized groups, including the National and American Groups. The investment professionals in our partner's database now hold: 233.59 million shares, up from 231.11 million shares in 2017Q1.

Andy Cohen replacing Kathy Griffin on CNN's New Year's Eve broadcast
Prior to the photo shoot, Cooper and Griffin had hosted the New Year's Eve special together for nine years, beginning in 2007. Donald and Melania Trump lambasted her for the photo. "It is clearly disgusting and completely inappropriate".

Facebook and Instragram Are Down for Many People Around the World
If you're noticing some error messages or sluggish loading speeds on Instagram or Facebook this morning, you're not the only one. Facebook confirmed the outage, saying: "We're aware that some people are now having trouble accessing Facebook and Instagram".

Apple's Tim Cook On The Future Of Fashion & Shopping
During his current trip in Europe, Apple's Tim Cook sat down with The Independent for a wide-ranging interview. By putting it on iPhone, Apple was able to "instantly overnight become the largest AR platform", Cook says.

IPhone Apps With Fake Login Popups Can Steal Your Passwords
You should also always have two-factor authentication activated on your Apple account for an extra layer of security. The update is available now over-the-air through the Software Updates section of the Settings app.

Pakistan barred from international football
FIFA has banned the Pakistan Football Federation (PFF) with immediate effect on account of "undue 3rd-party interference". The row between the two organisations has plunged Pakistani football into chaos and ended up in the legal courts.

Applied Materials, Inc. (NASDAQ:AMAT) Undervalued by 1.2%
The average Wall Street analyst rating for Applied Materials, Inc .is Strong Buy, according to the average of 14 analyst scores. The High Revenue estimate is predicted as 4.06 Million, while the Low Revenue Estimate prediction stands at 3.92 Million.

Disney Halts Production On Jack and the Beanstalk Movie Gigantic
For now, Disney fans can still look forward to Ralph Breaks the Internet: Wreck-It Ralph 2 in 2018 and Frozen 2 in 2019. However, the film only pulled in $330 million globally, the lowest total revenue for a Pixar title thus far.

Mumbai stampede probe: Railway officials given clean chit by inquiry committee
The report was compiled by five senior officials of the Western Railway including the chief safety officer. In the unfortunate incident, 23 people had lost their lives.