Michael Kors Still Crushing Coach With Teens

newsfeedback@fool.com (Rich Duprey), The Motley Fool
Sat, 04/21/2018 - 8:51am

One of the primary reasons Tapestry (NYSE: TPR) purchased handbag maker Kate Spade last year was to help reach out to younger customers. Where CEO Victor Luis says its Coach products are about "function, quality, and leather," the $2.4 billion deal was seen as a way to woo millennial consumers with Kate Spade designs that offer "emotional attributes (that) hit at the high end when it comes to fashion, fun, and femininity."That could narrow the point of differentiation between Tapestry and its rival Michael Kors (NYSE: KORS), which has long been hugely popular with both millennials and Gen Z consumers.Image source: Getty Images.Continue reading

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Topics:  tapestry nyse   tpr    ceo victor luis   coach   michael kors nyse   kors    gen z   images   tapestry   kate spade   kors    
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