Fashion
US’ Tapestry outlines FY27–28 goals, Coach eyes $10 bn revenue
Across FY26–FY28, Tapestry expects adjusted free cash flow of $4 billion. The company reaffirmed its previously issued FY26 outlook, provided with its fourth-quarter results in August, which remains unchanged.
Tapestry, Inc has outlined its long-term growth strategy, projecting mid-single-digit annual revenue growth, operating margin expansion above 22 per cent, and low double-digit EPS growth in FY27–FY28.
It expects $4 billion in free cash flow across FY26–FY28, all returned to shareholders via dividends and buybacks.
Coach targets $10 billion revenue, while Kate Spade to return to profitability in FY27.
By brand, Coach is expected to achieve a three-year mid-single-digit revenue CAGR, with margins expanding to the mid-30 per cent range. The company also set an ambition for Coach to reach $10 billion in revenue. Kate Spade is forecast to return to profitable topline growth in FY27, accelerating to mid-single-digit revenue growth and a high single-digit margin in FY28, Tapestry said in a press release.
“Our focused strategies and consistent execution position us to generate compounding growth. We expect to deliver durable mid-single digit revenue gains annually, expand our operating margins, and achieve double-digit earnings per share growth in fiscal years 2027 and 2028,” said Scott Roe, chief financial officer (CFO) and chief operating officer (COO) of Tapestry, Inc.
The company also planned to return $4 billion to shareholders by fiscal 2028, representing 100 per cent of its adjusted free cash flow over FY26–FY28. The company expects to maintain an annual dividend of $1.60 per share in FY26, with future increases aligned to earnings growth and a payout ratio of about 30 per cent. It also aims to repurchase roughly $3 billion in stock under a newly authorised buyback programme.
Tapestry unveiled these long-term financial targets in its 2025 Investor Day along with the ‘Amplify’ growth strategy, aiming to deliver durable, profitable growth and strong shareholder returns over the next three years.
It said that the growth strategy will be built around four key pillars: Building emotional connections with consumers by focusing on Gen Z to drive brand love and lifetime value; fuelling fashion innovation and product excellence with leadership in handbags and leathergoods and expanding into footwear; delivering compelling experiences to sustain North American growth while accelerating momentum in Greater China and Europe; and igniting the power of its people by fostering a forward-looking, consumer-obsessed culture.
“Tapestry is a consumer-obsessed, data-driven organisation, driving meaningful durable growth. From this strong foundation, we are introducing our Amplify plan, building on our proven strategies to bring our iconic brands to new generations of consumers. We are confident that our strengths are structural, and that our innovation, creativity, and brand-building capabilities will deliver significant value for our customers, employees, and shareholders for years to come,” said Joanne Crevoiserat, chief executive officer (CEO) at Tapestry, Inc.
Fibre2Fashion News Desk (SG)
Published
September 22, 2025
Nike and Skims unveiled their first apparel collection on Monday, introducing far more than a collaboration, but a standalone brand: NikeSkims.
The debut line spans seven collections and 58 silhouettes, offering a “system of dress” the brands say transitions seamlessly from studio to gym and beyond, with more than 10,000 ways to mix and match.
The launch follows the announcement in February of a partnership between Nike and Skims, bringing together Nike’s performance expertise and Skims’ solutions-driven approach to women’s apparel. The line will be available September 26 on Nike and Skims websites, as well as at select Nike and Skims flagship stores in New York and Los Angeles.
“NikeSkims is a bold evolution in how women experience sport and style — and together with Skims, we’re delivering what no other brand can,” said Amy Montagne, president, Nike. “It’s part of Nike’s broader commitment to her: uncompromising product innovation that moves and celebrates women.”
The debut is backed by a campaign titled “Bodies at Work”, directed by Janicza Bravo and photographed by Luis Alberto Rodriguez and Rob Woodcox. The film and imagery feature more than 50 athletes across Nike’s portfolio, including Jordan Chiles, Romane Dicko, Beatriz Hatz, Chloe Kim, Nelly Korda, Sha’Carri Richardson, Madisen Skinner, Serena Williams, and Skims co-founder Kim Kardashian.
“NikeSkims’ Bodies at Work film celebrates every woman’s strength and power,” said Kim Kardashian. “Our mission is clear: to redefine women’s activewear without compromise. This collection brings together cutting-edge performance with bold, style-forward design, empowering athletes — from elite competitors to everyday gym enthusiasts — to move effortlessly and conquer their goals with confidence.”
The first NikeSkims launch introduces three core collections — Matte, Shine, and Airy — alongside four seasonal capsules featuring track-inspired, vintage, semi-sheer, and nylon styles. Pieces are designed with sculpting fabrics, innovative materials, and Nike’s Dri-Fit technology to deliver compression, breathability, and stretch.
Jordan Chiles, an Olympic and world-champion gymnast, praised the collection for its combination of performance and style.
“I’m an athlete, but I love fashion too. It’s important for me to express myself, and I love how wearing NikeSkims allows me to do that,” she said. “The NikeSkims product is a game-changer. I love the quality, how it moves with me and supports me in all the right areas. I feel sleek, comfortable and completely myself.”
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The tax is by design largely a pass-through on imports for registered businesses.
A flat 5 per cent rate on synthetic fibres and yarns will correct years of distortion.
The structural drivers of imports remain untouched.
Faster refunds give domestic weavers and knitters the ability to quote more aggressively.
Competitiveness gains, not import curbs, will be the true outcome.
Source link
Translated by
Nazia BIBI KEENOO
Published
September 22, 2025
Textile Exchange‘s annual report indicates that global fibre production is expected to remain on an upward trajectory in 2024, with synthetic fibres steadily widening the gap with natural materials, while cellulosic (wood-pulp-based) fibres are expected to hold steady. The share of recycled fibres has not increased either, except in the wool market.
In 2024, the volume of fibre produced worldwide rose by 6.5% to 132 million tonnes. Synthetic fibres accounted for 69% of this total, up nine points on the 2020 level, with polyester alone accounting for 59%.
Having already reached a 57% share in 2023, polyester continued to gain ground, reaching a total of 78 million tonnes in 2024. Production of recycled polyester increased from 8.9 to 9.3 million tonnes. Polyamide (nylon), the second most-produced synthetic fibre, accounts for just 5% of global fibre production.
Whereas cotton accounted for 20% of fibre production in 2023, it fell to 19% in 2024, with 24.1 million tonnes of virgin cotton. Textile Exchange notes, however, that 34% of cotton produced is now certified to sustainability standards, compared with 28% the previous year. The share of recycled cotton remains stable at 1%, at 300,000 tonnes.
Other plant-based fibres account for 6.9 million tonnes of production. This market is dominated by jute (54%), followed by cotton fibre (26%), flax (5%), and hemp (5%). These two bast fibres, flax and hemp, thus account for 0.3% and 0.2%, respectively, of global fibre production.
Cellulosics, the third major fibre family (obtained through the chemical transformation of plant-based raw materials), maintained their market share, with viscose, acetate, lyocell, modal and cupro accounting for 6% of global fibre production, at 8.4 million tonnes (+6.4%). However, over the past year, the market share of recycled cellulosics has increased, rising from 0.7% to 1.1%, or 90,000 tonnes.
Nearly 70% of this sector’s production is now covered by the FSC (Forest Stewardship Council) and PEFC (Programme for the Endorsement of Forest Certification) forest certification programmes.
Animal fibres still account for only 1% of global fibre production, of which wool captures 0.9%, with 1.98 million tonnes of virgin wool. Within this market, the share of recycled wool has risen from 6% to 7%, with 83,000 tonnes. Cashmere (0.02%), mohair (0.004%) and alpaca (0.005%) have maintained their market shares in global fibre production.
Still within animal-derived materials, global down production rose from 626,000 to 659,000 tonnes, with ducks accounting for nearly 90%. The share of recycled down in this market is only 1%.
Although it is not a fibre, Textile Exchange does not overlook leather. Around 13.8 million tonnes were produced last year, from approximately 1.6 million animals. Global production last year comprised 9.4 million tonnes of sheep skins and 2.2 million tonnes of sheepskins. These figures are in addition to 11.5 million tonnes of goat skins and 800,000 tonnes of buffalo skins.
Excluding fibres, the report estimates global rubber production at 15 million tonnes in 2024. The share of production carried out under the FSC and PEFC forest certification programmes rose over the year from 2.9% to 3.2%.
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