1352 ET - Tapestry's deal to sell Stuart Weitzman to Caleres for $105 million is a positive move that leaves Tapestry well-positioned to focus exclusively on the handbag market, according to Barclays in a research note. The analysts say Tapestry, with brands such as Coach and Kate Spade, has better margins in handbags. They also say Coach's brand positioning is poised to gain global market share and expect growing customer acquisition in the target Gen Z crowd. The analysts also expect Tapestry's focus on total shareholder return to drive EPS growth. "We continue to believe Tapestry is one of the most attractive growth stories in retail," the analysts say. (sabela.ojea@wsj.com; @sabelaojeaguix)
(END) Dow Jones Newswires
February 19, 2025 13:52 ET (18:52 GMT)
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