Tapestry’s Good Run Derailed by Tariffs, Kate Spade Writedown

Tapestry Inc. has been one of the stars of the retail world, but a mix of tariff costs and weakness at its Kate Spade brand sent investors fleeing on Thursday.

Shares of Tapestry fell as much as 18%, the biggest intraday drop since 2020. The stock had gained about 74% this year through Wednesday’s close.