Tapestry Sells Stuart Weitzman to Caleres Shares Surge 5.25% to Rank 228th in 470 Million Trading Volume

On August 4, 2025, Tapestry (TPR) surged 5.25% with a trading volume of $470 million, ranking 228th in market activity. The stock’s performance followed the completion of its $120.2 million sale of the Stuart Weitzman brand to Caleres, a transaction finalized after initial announcement in February. Tapestry’s management highlighted the strategic shift to focus on its core brands, Coach and kate spade new york, which have driven recent growth amid declining revenue from the footwear segment.

The sale, facilitated by advisors Morgan Stanley and BofA Securities, marks a significant pivot for Tapestry. Stuart Weitzman, acquired in 2015 for $530 million, had contributed just 3% of Tapestry’s total sales in recent reports. Analysts noted the brand’s consistent revenue declines, with its latest results showing an 18% drop to $46 million, contrasting with Coach’s 7% year-over-year growth. The decision to divest aligns with Tapestry’s focus on high-potential segments, though some observers caution that the company’s reliance on Coach’s success remains a risk.

Caleres, which now owns Stuart Weitzman alongside brands like Sam Edelman and Allen Edmonds, plans to integrate the label into its portfolio. Jonathan Lelonek, former senior vice president of Stuart Weitzman, will lead the brand’s transition. Caleres emphasized preserving the brand’s “artistry and quality” while leveraging its global distribution network. The acquisition, however, comes amid broader challenges for Caleres, including a 6.8% year-over-year sales decline in Q1 2025, reflecting broader market pressures.

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