Tapestry, Inc.
−Removed: (the "Company") is a house of iconic accessories and lifestyle brands.
−Removed: Our global house of brands unites the magic of Coach and kate spade new york.
−Removed: Each of our brands are unique and independent, while sharing a commitment to innovation and authenticity defined by distinctive products and differentiated customer experiences across channels and geographies.
−Removed: We use our collective strengths to move our customers and empower our communities, to make the fashion industry more sustainable, and to harness the power of an inclusive culture.
−Removed: Individually, our brands are iconic.
−Removed: Together, we can stretch what’s possible.
−Removed: The Company has three reportable segments:
+Added: (the "Company") is a global house of iconic accessories and lifestyle brands uniting the magic of Coach and kate spade new york.
+Added: Together, we stretch what’s possible – advancing brands further than they could go alone, expanding their reach to new geographies and generations.
+Added: Inspired by our consumers, we create experiences and products that build lasting brand love and elevate everyday life.
+Added: The Company has two reportable segments:
• Coach - Coach is a global fashion house of accessories and lifestyle collections, founded in New York City in 1941.
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This segment represented 86.4% of total net sales in fiscal 2026.
−Removed: • Kate Spade - Since its launch in 1993 with a collection of six essential handbags, kate spade new york has always been colorful, bold and optimistic.
+Added: • Kate Spade - Since its launch in 1993 with a collection of six essential handbags, kate spade new york has always been feminine, colorful, and optimistic.
Today, it is a global lifestyle brand that designs extraordinary things for the everyday, delivering seasonal collections of handbags, ready-to-wear, jewelry, footwear, gifts, home décor and more.
−Removed: Known for its rich heritage and unique brand DNA, kate spade new york offers a distinctive point of view and celebrates communities of women around the globe who live their perfectly imperfect lifestyles.
+Added: Known for its rich heritage and unique brand DNA, kate spade new york's mission is to be the world's most welcoming and uplifting fashion brand.
+Added: Where a touch of wit and intentional color can inspire you to find joy in the everyday.
Kate Spade includes global sales of primarily kate spade new york brand products to customers through our DTC, wholesale and licensing businesses.
This segment represented 13.4% of total net sales in fiscal 2026.
−Removed: • Stuart Weitzman - Since 1986, New York City based global luxury footwear brand Stuart Weitzman has combined its signature artisanal craftsmanship and precise engineering to empower women to stand strong.
−Removed: Having perfected the art of shoemaking for nearly 40 years, the brand continues to expand its assortment to feature handbags and men's footwear, all the while staying true to its ethos of inspiring strength and confidence with every step.
−Removed: Stuart Weitzman includes global sales of primarily Stuart Weitzman brand products to customers through our DTC, wholesale and licensing businesses.
−Removed: This segment represented 3.0% of total net sales in fiscal 2025.
+Added: On August 4, 2025, the Company completed the sale of the Stuart Weitzman business and, as a result, determined it had two reportable segments on a prospective basis.
+Added: For the year ended June 27, 2026, Stuart Weitzman net sales were $14.6 million, representing 0.2% of total net sales in fiscal 2026.
+Added: Refer to Note 5, "Acquisitions and Divestitures," for further information.
In addition to these reportable segments, the Company has certain corporate expenses that are not directly attributable to its brands ("Unallocated corporate expenses");
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Such costs primarily include certain overhead expenses related to corporate functions as well as certain administration, corporate occupancy, information technology and depreciation costs.
−Removed: On February 16, 2025, the Company entered into a sale and purchase agreement (the “Purchase Agreement”) with Caleres, Inc.
−Removed: (the “Purchaser”) to sell the Stuart Weitzman Business (as defined below).
−Removed: The Purchaser acquired certain assets and liabilities of the Company's global business of designing, manufacturing, promotion, marketing, production, distribution, sales and licensing of Stuart Weitzman branded products (the "Stuart Weitzman Business").
−Removed: The sale was completed on August 4, 2025 (the "Stuart Weitzman Business Divestiture").
−Removed: Refer to Note 5, "Acquisitions and Divestitures," and Note 21, "Subsequent Events," for further information.
Refer to Note 17, "Segment Information," for further information about the Company's segments.
−Removed: In the first quarter of fiscal 2023, the Company introduced the 2025 growth strategy, future speed, designed to amplify and extend the competitive advantages of its brands, with a focus on four strategic priorities:
−Removed: • Building Lasting Customer Relationships:
−Removed: The Company's brands aim to leverage Tapestry’s transformed business model to drive customer lifetime value through a combination of increased customer acquisition, retention and reactivation.
+Added: In the first quarter of fiscal 2026, the Company introduced its 2028 growth strategy (“Amplify”), which focuses on four key pillars:
+Added: • Build Emotional Connections with Consumers:
+Added: The Company aims to drive new customer acquisition, with a focus on Gen Z consumers entering the market to build brand love and lifetime value.
• Fueling Fashion Innovation & Product Excellence:
−Removed: The Company aims to drive sustained growth in core handbags and small leathergoods, while accelerating gains in footwear and lifestyle products.
−Removed: • Delivering Compelling Omni-Channel Experiences:
−Removed: The Company aims to extend its omni-channel leadership to meet the customer wherever they shop, delivering growth online and in stores.
−Removed: • Powering Global Growth:
−Removed: The Company aims to support balanced growth across regions, prioritizing North America and China, its largest markets, while capitalizing on opportunities in under-penetrated geographies such as Southeast Asia and Europe.
−Removed: The Company's next investor day will be held in September 2025, during which the Company will present its latest long-term growth strategy.
+Added: The Company aims to lead with handbags and leathergoods with targeted lifestyle expansion in footwear.
+Added: • Delivering Compelling Experiences to Drive Global Growth:
+Added: The Company aims to sustain growth in North America and accelerate momentum in international markets, prioritizing Greater China and Europe.
+Added: • Ignite the Power of Our People:
+Added: The Company aims to future-proof growth by continuing to develop a consumer-obsessed culture that is agile and always looking forward.
DIRECT TO CONSUMER BUSINESS
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Total Kate Spade 326 360 378
−Removed: Stuart Weitzman
−Removed: North America 28 34 36
−Removed: International 52 60 57
−Removed: Total Stuart Weitzman 80 94 93
−Removed: North America 541 555 571
−Removed: International 830 847 858
−Removed: Total Tapestry 1,371 1,402 1,429
Square Footage 2026 2025 2024
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Total Kate Spade 2,400 2,301 2,226
−Removed: Stuart Weitzman
−Removed: North America 1,927 1,938 1,905
−Removed: International 1,371 1,338 1,371
−Removed: Total Stuart Weitzman 1,566 1,555 1,578
−Removed: North America 4,095 4,029 3,987
−Removed: International 2,142 2,078 2,043
−Removed: Total Tapestry 2,912 2,850 2,820
−Removed: • Digital - We view our digital platform as an instrument to deliver our products to customers directly with the benefit of added accessibility as consumers can purchase our products beyond where our physical locations are based.
−Removed: We have e-commerce sites in our major markets in the U.S., Canada, Japan, Greater China, several throughout Europe, Australia, and several throughout the rest of Asia.
−Removed: Additionally, we continue to leverage various third-party digital platforms to sell our products to customers.
+Added: • Digital - We view our digital platform as a core channel for delivering our products directly to customers, enhancing accessibility beyond the reach of our physical locations.
+Added: We operate e-commerce sites across our major markets including the U.S., Canada, Japan, Greater China, several countries throughout Europe, Australia, as well as in other regions throughout Asia.
+Added: In addition, we continue to leverage various third-party digital platforms, including marketplaces, to further expand our reach and serve customers globally.
WHOLESALE BUSINESS
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Kate Spade Eyewear Safilo 2031
+Added: (1) The agreement is expected to renew during fiscal 2027.
Products made under license are, in most cases, sold through stores and wholesale business channels and, with the Company's approval, the licensees have the right to distribute products selectively through other venues, which provide additional, yet controlled, exposure of our brands.
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Fiscal Year Ended
−Removed: June 28, 2025 June 29, 2024 July 1, 2023
+Added: June 27, 2026 June 28, 2025 June 29, 2024
Amount % of Total
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Accessories 2,232.9 27.9 1,809.3 25.8 1,714.9 25.7
−Removed: Footwear 612.8 8.7 624.9 9.4 650.9 9.8
+Added: 471.2 5.9 612.8 8.7 624.9 9.4
Other 688.9 8.6 742.3 10.6 720.5 10.8
Total Tapestry $ 8,004.2 100.0 % $ 7,010.7 100.0 % $ 6,671.2 100.0 %
−Removed: (1) The significant majority of sales for Stuart Weitzman is attributable to footwear and therefore all of Stuart Weitzman net sales are within the Tapestry Footwear category.
−Removed: • Handbags — This category primarily includes handbags classically inspired as well as fashion designs, business cases, computer bags, messenger-style bags, backpacks, travel bags and totes.
+Added: (1) All Stuart Weitzman net sales are included within the Tapestry Footwear category.
+Added: For the year ended June 27, 2026, Stuart Weitzman net sales were for the period prior to the sale on August 4, 2025.
+Added: Refer to Note 5, "Acquisitions and Divestitures," for further information.
+Added: • Handbags — This category primarily includes handbags classically inspired as well as fashion designs, business cases, computer bags, messenger-style bags, backpacks, and totes.
• Accessories — This category primarily includes small leather goods, such as mini and micro handbags, money pieces, wristlets, pouches and cosmetic cases.
−Removed: Also included in this category are novelty accessories (including address books, time management accessories, travel accessories, sketchbooks and portfolios), belts, key rings, technology accessories, gifting, straps and charms.
+Added: Also included in this category are novelty accessories (including address books, time management accessories, travel bags and accessories, sketchbooks and portfolios), belts, key rings, technology accessories, gifting, straps and charms.
• Footwear — This category primarily includes women's and men's footwear, including casual shoes, dress shoes, boots, sneakers and sandals.
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Our creative leaders are responsible for conceptualizing and implementing the design direction for our brands across the consumer touchpoints of product, stores and marketing.
−Removed: At Tapestry, each brand has a dedicated design and merchandising team;
−Removed: this ensures that Coach, Kate Spade and Stuart Weitzman speak to their customers with a voice and positioning unique to
+Added: At Tapestry, each brand has a dedicated design and merchandising
+Added: this ensures that Coach and Kate Spade speak to their customers with a voice and positioning unique to their brand.
Designers have access to the brands' extensive archives of product designs, which are a valuable resource for product concepts.
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Our marketing objective is to build emotional connections with consumers to drive acquisition.
−Removed: We use a 360-degree approach to marketing for each of our brands, synchronizing our efforts across all business channels to ensure consistency at every touchpoint.
−Removed: Our global marketing strategy is to deliver a consistent, relevant and multi-layered message every time the consumer comes in contact with our brands through our communications, visual merchandising and customer experiences.
−Removed: Each brand's distinctive positioning is communicated by our creative marketing, visual merchandising and public relations teams, as well as outside creative agencies.
−Removed: We also have a sophisticated consumer and market research capability and leverage third-party experts to gain insights into consumer attitudes and trends.
+Added: We use an integrated approach to marketing for each of our brands, synchronizing our efforts across all business channels to ensure consistency at every touchpoint.
+Added: Our global marketing strategy is to deliver a consistent and relevant message every time the consumer comes in contact with our brands through our communications, visual merchandising and customer experiences.
+Added: Each brand's distinctive positioning is communicated through creative marketing, visual merchandising, public relations, social media and brand experiences, as well as through outside creative agencies.
+Added: We also leverage consumer and market research, together with third-party experts, to better understand consumer attitudes, behaviors and trends.
+Added: We continue to invest in brand-building and consumer engagement initiatives designed to reinforce each brand’s positioning, deepen emotional connections with consumers and support long-term customer acquisition.
+Added: Total expenses attributable to the Company's marketing-related activities in fiscal 2026 were $962.5 million, representing 12% of net sales, compared to $744.5 million in fiscal 2025, representing nearly 11% of net sales.
We engage in many consumer communication initiatives globally, including activities at a national, regional and local level.
−Removed: Total expenses attributable to the Company's marketing-related activities in fiscal 2025 were $744.5 million, representing nearly 11% of net sales, compared to $616.8 million in fiscal 2024, representing over 9% of net sales.
Our wide range of marketing activities utilize a variety of media, including digital, social, television, print and out-of-home.
Our respective brand websites serve as effective communication vehicles by providing an immersive brand experience, showcasing the fullest expression across product categories.
−Removed: As part of our direct marketing strategy, we use databases of consumers to generate personalized communications in direct channels such as email and text messages to drive engagement.
−Removed: Visitors to our e-commerce sites provide an opportunity to increase the size of these consumer databases, in addition to serving as a point of transactions globally, except where restricted.
The Company has several regional informational websites for locations where we have not established an e-commerce presence.
−Removed: The Company utilizes social media and continues to explore digital technologies to create emotional connections with consumers, acquire new customers and build brand awareness, in addition to increasing on-line and store sales.
+Added: The Company utilizes social media and continues to explore digital technologies to create emotional connections with consumers, acquire new customers and build brand awareness, in addition to increasing online and store sales.
MANUFACTURING
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Suppliers that fail to meet our standards are not approved until an acceptable report is provided.
−Removed: We also conduct periodic evaluations of existing, previously approved finished good suppliers.
+Added: We also conduct regular assessments of existing, previously approved finished good suppliers.
We believe that our manufacturing partners are in material compliance with the Company’s integrity standards.
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We maintain strong oversight of the supply chain process for each of our brands from design through manufacturing.
−Removed: We are able to do this by maintaining sourcing management offices in Vietnam, mainland China, the Philippines, Cambodia and
−Removed: Spain that work closely with our independent manufacturers.
+Added: We are able to do this by maintaining sourcing management offices in Vietnam, mainland China, the Philippines and Cambodia that
+Added: work closely with our independent manufacturers.
This broad-based, global manufacturing strategy is designed to optimize the mix of cost, lead times and construction capabilities.
During fiscal 2026, manufacturers of Coach products were primarily located in Vietnam, Cambodia, the Philippines and India and no individual vendor provided 10% or more of the brand's total inventory purchases.
−Removed: During fiscal 2025, Kate Spade products were manufactured primarily in Vietnam, Cambodia, mainland China, and the Philippines and no individual vendor provided 10% or more of the brand's total inventory purchases.
−Removed: Stuart Weitzman products were primarily manufactured in Spain.
−Removed: During fiscal 2025, Stuart Weitzman had one vendor, located in Spain, who individually provided approximately 11% of the brand's total inventory purchases.
+Added: During fiscal 2026, Kate Spade products were manufactured primarily in Vietnam, Cambodia, the Philippines and Bangladesh and no individual vendor provided 10% or more of the brand's total inventory purchases.
The Company’s distribution network is designed to support the movement of each brand's products from our manufacturers to fulfillment centers around the world.
These fulfillment centers are either directly operated by the Company or by independent third parties, some of which support multiple brands.
−Removed: Our facilities use bar code scanning warehouse management systems, where our fulfillment center employees use handheld scanners to read product bar codes.
+Added: Our facilities use bar code scanning warehouse management systems, where fulfillment center employees use handheld scanners to read product bar codes.
This allows for accurate storage and order processing and allows us to provide excellent service to our customers.
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In North America, we maintain fulfillment centers in Florida, Nevada and Ohio, operated by Tapestry.
−Removed: The Company also has third-party facilities in Canada and Mexico.
−Removed: Globally, we utilize regional fulfillment centers in mainland China, the Netherlands, the United Kingdom, Singapore and Spain, owned and operated by third parties, that support multiple countries.
+Added: As part of our Distribution Network Optimization efforts, we are transitioning from our Ohio fulfillment center to a third-party facility in Pennsylvania which is expected to be completed in the first half of fiscal 2027.
+Added: The Company also has a third-party facility in Canada.
+Added: Globally, we utilize regional fulfillment centers in mainland China, the Netherlands, the United Kingdom and Singapore, owned and operated by third parties, that support multiple countries.
We also utilize local fulfillment centers, through third parties, in Japan, parts of Greater China, South Korea, Malaysia and Australia.
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The Company’s information systems are integral in supporting the Company’s long-term strategies.
−Removed: Our robust information technology platform serves as a foundation to drive growth and enhance consumer centricity initiatives, and enable data-driven decision making.
+Added: Our robust information technology platform serves as a foundation to drive growth, enhance consumer-centricity initiatives and enable data-driven decision making.
We are continually enhancing our digital technology platforms to elevate our e-commerce capabilities, strengthen DTC functionalities and deliver a seamless overall omni-channel experience leveraging modern and cloud-based technologies.
−Removed: During fiscal 2025, we continued to enhance our artificial intelligence, both predictive and generative, and machine learning models for areas such as data analytics, planning, marketing, customer journey personalization, pricing and product creation, to improve our customer capture and segmentation capabilities for more tailored and effective engagement.
+Added: During fiscal 2026, we continued to advance our artificial intelligence including predictive, generative and agentic models, as well as machine learning across key areas such as data analytics, planning, marketing, customer acquisition, personalization, pricing and product creation.
+Added: These investments enhanced our ability to capture and segment customer data, enabling more targeted, relevant and effective engagement across the customer journey.
The Company utilizes a cloud-based digital platform which integrates critical components of our businesses including our customer shopping sites, Order Management Systems, Point of Sale systems, Customer Services, Enterprise Resource Planning systems and product management systems into one cohesive platform with a shared codebase.
−Removed: This unified platform allows us to be a more dynamic and responsive company providing best-in-class service to our customers across all brands in North America, Europe and Japan.
+Added: This unified platform allows us to be a more dynamic and responsive company providing best-in-class service to our customers.
Refer to Part I, Item 1C, "Cybersecurity" for further information on our cybersecurity risk management, strategy and governance.
INTELLECTUAL PROPERTY
−Removed: Tapestry owns COACH, KATE SPADE and STUART WEITZMAN, as well as all of the material trademark, design and patent-rights related to the production, marketing, distribution and sale of our products in the United States and other countries in which our products are principally sold.
+Added: Tapestry owns COACH and KATE SPADE brand intellectual property, as well as all of the material trademark, design and patent-rights related to the production, marketing, distribution and sale of these brands' products in the United States and other countries in which our products are principally sold.
In addition, the Company licenses trademarks and copyrights used in connection with the production, marketing and distribution of certain categories of goods and limited-edition collaborations.
Tapestry also owns and maintains registrations in countries around the world for trademarks in relevant classes of products and services.
−Removed: In addition, Tapestry owns trade dress, copyrights, design patents and utility patents for its brands' product designs.
+Added: In addition, Tapestry owns trade dress, copyrights, design patents and utility patents for some of its brands' product designs.
Tapestry aggressively polices its intellectual property and pursues infringers both domestically and internationally.
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As a people-centered and purpose-led Company, Tapestry believes that a better-made future is one that is both beautiful and responsible.
−Removed: Our Corporate Responsibility (“CR”) strategy, the Fabric of Change , aims to unite teams across the Company’s business to work to meet our Corporate Responsibility Goals and a shared objective:
+Added: Our Corporate Responsibility (“CR”) strategy, the Fabric of Change , aims to unite teams across the Company’s business to achieve our Corporate Responsibility Goals and a shared objective:
to create a company of the future that balances true fashion authority with meaningful, positive change.
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• Power of Our People:
−Removed: ◦ As our company name suggests, we believe in the intertwining of a broad mix of people who bring a variety of perspectives, unleashing the power of innovation and self-expression in our products and experiences.
+Added: ◦ We aim to foster a culture of purpose, fulfillment and inclusion at Tapestry, attracting and retaining talent with a compelling and engaging employee experience.
◦ As a global employer, we work to continuously expand our aperture as wide as possible to acquire, retain and grow the best talent.
• Sustain the Planet:
−Removed: ◦ We aim to preserve and restore our planet through investments in solutions that improve biodiversity and reduce the impacts of climate change.
−Removed: ◦ We have set goals focused on utilizing 100% renewable energy in our own operations globally, reducing waste in our corporate and fulfillment centers and minimizing water use across our company and supply chain.
+Added: ◦ We aim to preserve and restore our planet through continuous investments into solutions that improve biodiversity and reduce the impacts of climate change.
+Added: ◦ We have set goals focused on increasing renewable energy and reducing freshwater withdrawals across our supply chain.
We also have greenhouse gas (“GHG”) emissions reduction targets for Scope 1, 2, 3 and Scope 3 Forest, Land and Agriculture that have been validated by Science Based Targets initiative.
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◦ We aim to empower the communities where our employees live and work, and provide the resources and capacity needed to support supply chain partners in the regions where we operate.
−Removed: ◦ We have set goals focused on volunteer service hours completed by our employees around the world, financial and product donations to nonprofit organizations globally, and ensuring people working in the factories crafting our products will have access to empowerment programs during the workday.
+Added: ◦ We have set goals focused on expanding employee volunteerism globally and strengthening our supply chain by equipping core suppliers with systems and training to detect, prevent and remediate gender-based violence and harassment, and to support workers' mental health.
• Create Products with Care:
◦ We aim to increase the use of innovative materials and focus on production methods that design out waste and pollution, keep products in use and restore natural systems.
−Removed: ◦ We have set goals focused on tracing and mapping our raw materials, and targets to increase the uptake of sourcing environmentally preferred materials.
+Added: ◦ We have set goals focused on tracing and mapping our raw materials, and targets to increase the uptake of sourcing environmentally preferred materials and advancing circular business models.
The Company’s CR strategy, including oversight, management and identification of risks, is ultimately governed by the Board of Directors (the "Board") and overseen by an Executive Steering Committee, which is comprised of members of our executive leadership team, and driven by a Task Force, comprised of senior leaders and cross-functional members from major business functions.
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Most of all, we bring together the unique spirits of our people and our brands and give them a place to move their work and our industry forward.
+Added: Our focus on fostering strong culture has led to continued recognition in the form of recent awards from Newsweek for America's Great Companies, People's Companies that Care, Forbes' America's Dream Employers, Fortune's World's Most Admired Companies and TIME's World's Most Sustainable Companies.
Governance and Oversight
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They are the bedrock of the kind of ingenuity that turns heads, turns objects into icons and comes only from the places few have looked before.
−Removed: To support these actions, we are guided by four interconnected principles:
−Removed: Identify, retain and grow the best talent – making us an employer of choice in a rapidly evolving talent marketplace.
−Removed: Cultivate a workplace culture where everyone can fully contribute and reach their potential by feeling included, that they belong and that they matter.
−Removed: Amplify our brands and support the communities in which our employees live and work.
−Removed: • Marketplace:
−Removed: Growing our customer base in line with the market and shifting dynamics.
−Removed: Additionally, we believe educating our employees is crucial in achieving our goals.
−Removed: We have curated a catalogue of learning and development content, tools and resources, including bespoke skill-building programs to accommodate our dynamic employee population.
−Removed: Furthermore, the Company has focused on providing employees with resources to foster continuing education and conversation through 'Tapestry UNSCRIPTED', which is an internal speaker series for our employees designed to bring our values to life.
−Removed: We feel hosting bold conversations about our values provides an opportunity for us to be inspired, discover ideas and ignite personal passions.
−Removed: Tapestry is committed to inclusion and opportunity for all through our corporate partnerships and best practice benchmarking groups through our corporate efforts.
−Removed: Our focus on fostering an equitable work environment has led to continued recognition in the form of awards from Forbes as one of the World’s Most Admired Companies;
−Removed: Newsweek for America’s Greatest Workplaces for Mental Well-being;
−Removed: America’s Greatest Workplaces for Women and Greatest Workplaces 2025;
−Removed: and official certification from Great Place to Work in the US and several countries globally.
+Added: We deliver on this commitment by expanding our aperture as wide as possible to acquire, retain and grow the best talent.
+Added: Cultivating a workplace culture where everyone can fully contribute and reach their potential by feeling included, that they belong and that they matter.
+Added: Amplifying our brands and supporting the communities in which our employees live and work.
+Added: Growing our customer base in line with shifting market demographics and dynamics.
Total Rewards
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Tapestry's primary compensation principle is to "pay for performance." Tapestry's practice is to pay a competitive base salary and provide corporate employees with the opportunity to earn an annual bonus tied to Tapestry's and its brands' financial performance, and provide store employees with the opportunity to earn sales incentives.
−Removed: Approximately 2,400 of our employees, including nearly all of our store managers, received an annual long-term equity award in 2025, which aligns employee interests with those of our stockholders, rewards employees for enhancing stockholder value and supports retention of key employees.
+Added: Approximately 2,400 of our employees, including nearly all of our store managers, received an annual long-term equity award in fiscal 2026, which aligns employee interests with those of our stockholders, rewards employees for enhancing stockholder value and supports retention of key employees.
Our benefits package, which varies by country, is designed to be competitive and comprehensive.
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We are committed to helping our employees develop the knowledge, skills and abilities needed for continued success and encourage employee development at all levels and every career stage.
−Removed: Our development programs enable individual and team success through targeted initiatives and resources, offering a wide-ranging curriculum focused on professional and leadership development for leaders, managers and individual contributors, including through our Manager Effectiveness Program, Better Conversations Everyday Program, Leader Transition Acceleration Program and third-party learning platforms, in addition to other trainings and education facilitated through the Company for all employees.
+Added: Our development programs enable individual and team success through targeted initiatives and resources, offering a wide-ranging curriculum focused on professional and leadership development for leaders, managers and individual contributors, including through our Manager Effectiveness Program, Leader Transition Acceleration Program and third-party learning platforms, in addition to other trainings and education facilitated through the Company for all employees.
+Added: In addition, during fiscal 2026, the Company launched Brand Building University, which is Tapestry’s enterprise learning experience designed to strengthen how we build iconic brands and drive growth.
Performance management is critical to our ability to reach our goals and foster a culture of success.
By having a dynamic, performance-driven culture, we can achieve greater results, maximize employee, manager and team performance and offer exciting development and career opportunities.
−Removed: In fiscal year 2025, we transitioned from an annual performance review cycle to one that has managers and employees meeting for formal check-ins four times a year, focused on goals and expectations, feedback, coaching and career development.
+Added: Our performance review process has managers and employees meeting for formal check-ins four times a year, focused on goals and expectations, feedback, coaching and career development.
As our focus extends beyond the performance of our employees to the performance of our Company as a whole, we have mechanisms in place to facilitate comprehensive upward feedback through robust cross-functional feedback tools and a cadence of regular pulse surveys that inform on how we can continue to strive for excellence in our work culture.
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Work-life integration is top of mind, and we provide resources and benefits to help achieve this balance.
−Removed: We provide our employees with supplemental resources to achieve wellness such as access to our Employee Assistance Program, regular employee programming and subscriptions to Headspace, a smartphone application dedicated to meditation and mindfulness.
+Added: We provide employees with a variety of resources to support their well-being, including access to our Employee Assistance Program, Mental Health First Aid training, regular well-being-focused programming and other mental health resources such as Headspace, a mindfulness and meditation application.
In addition, the Company maintains an Associate Relief Fund, which provides emergency assistance for events considered a disaster or hardship.
+Added: Community Engagement
At Tapestry, we believe in encouraging and empowering our employees to take part in building a welcoming and inclusive community.
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No information contained on any of our websites is intended to be included as part of, or incorporated by reference into, this Annual Report on Form 10-K.
−Removed: The Company has included the Chief Executive Officer (“CEO”) and Chief Financial Officer ("CFO") certifications regarding its public disclosure required by Section 302 of the Sarbanes-Oxley Act of 2002 as Exhibits 31.1 and 32.1 and Exhibits 31.2 and 32.2, respectively to this Form 10-K.
+Added: The Company has included the Chief Executive Officer (“CEO”) and Chief Financial Officer ("CFO") certifications required by Section 302 of the Sarbanes-Oxley Act of 2002 as Exhibits 31.1 and 31.2, respectively, and the certifications required by Section 906 of the Sarbanes-Oxley Act of 2002 as Exhibits 32.1 and 32.2, respectively to this Form 10-K.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.