News Summary

• Coach-parent Tapestry reported that fiscal 2026 sales hit $8 billion, a 17 percent increase on an adjusted basis, hitting its three-year plan in Year One.
• Ralph Lauren Corp.’s market cap stands at $23.1 billion after it said last week that first-quarter sales tallied $2 billion, an increase of 13 percent in constant currencies.
• They have tightened distribution, focused more on their own retail, pulled back in outlets, cut the number of styles produced and zeroed in on higher-priced categories.