Retail

How Coach owner Tapestry is doing better online than other retailers

0


Shoppers walk past a Coach outlet store.

Luke Sharrett | Bloomberg | Getty Images

Coach and Kate Spade owner Tapestry said Thursday its sales online during the latest quarter surged a triple-digit percentage from a year ago, as consumers stuck at home during the coronavirus pandemic flocked to its websites for handbags, pajamas and other whimsical accessories. 

But when you’re in retail and you hear about such impressive e-commerce growth, you often immediately think about the pressure that, in turn, is being put on gross margins. Typically, a retailer’s online sales are less profitable than sales in stores — when you account for all the extra expenses like packing, shipping and…



Source cnbc.com

The stock market hasn’t seen a 100-day gain this strong since 1933

Previous article

Stock futures rise slightly after S&P 500 struggles to reach February record high

Next article

You may also like

Leave a Reply

avatar
  Subscribe  
Notify of

More in Retail