Tapestry plans to drive most of its future growth from international markets, focusing on underpenetrated regions like China and Europe.
Tapestry (TPR) aims to generate approximately 70% of its growth over the next few years from international markets, particularly China and Europe. The company cited lower current penetration in these regions as a key opportunity for expansion.
The strategy shifts focus away from domestic markets, where growth may be slower. Tapestry did not provide specific revenue targets but emphasized the potential in younger consumer segments abroad.
No immediate market reaction was reported following the announcement.