Latest news with #TPR
Forbes
a day ago
- Business
- Forbes
Tapestry Stock Up 30%, What's Next?
Note: Tapestry's FY'24 concluded on June 29, 2024. Luxury fashion brand Tapestry (NYSE: TPR) has experienced a 27% increase year-to-date, significantly outperforming the S&P 500's 2% return and surpassing peer Ralph Lauren's (NYSE: RL) 15% growth. This momentum is driven by impressive Q3 earnings, exceptional results at Coach, and an upward adjustment to its full-year FY2025 forecast. The management has raised both revenue and EPS expectations, attributing it to improving gross margins and appeal to younger consumers. See Buy or Sell Tapestry Stock? Despite this optimistic outlook, TPR stock appears fully valued and perhaps overvalued. Trading at approximately $83, it presents limited upside when considering the company's mediocre long-term fundamentals and its susceptibility to downturns. Our evaluation—covering growth, profitability, financial stability, and resilience during downturns—provides a mixed perspective that ultimately renders TPR stock unappealing. However, if you are looking for upside with lower volatility compared to individual stocks, the Trefis High-Quality portfolio serves as an alternative—having outperformed the S&P 500 and yielding returns exceeding 91% since its inception. At first glance, Tapestry may seem modestly valued, boasting a price-to-sales ratio of 2.4, a price-to-free cash flow of 18.2, and a price-to-earnings of 21.7—all below the averages of the S&P 500. However, this discount reflects the company's sluggish growth and merely average profitability rather than being a hidden opportunity. Tapestry's revenue has been notably unimpressive. Tapestry has recorded a three-year compound annual growth rate of only 1.0%, significantly lagging behind the S&P 500's 5.5%. While revenue has increased by 2.7% over the past year to $6.9 billion and Q3 2025 showed an 8% year-over-year growth—outpacing the S&P's 4.8%—the long-term outlook remains weak for a brand aiming for premium global stature. Profitability metrics tell a comparable story. The 17.9% operating margin is reasonable, alongside its 12.5% net income margin that slightly surpasses the S&P's 11.6%. Its 14.9% operating cash flow margin aligns with the benchmark. While these numbers are commendable and reflect a middle-of-the-road performance, they do not support a case for multiple expansion. On a brighter note, Tapestry possesses a robust financial structure, with $4.1 billion in debt against a market capitalization of $17 billion—resulting in a manageable debt-to-equity ratio of 25.3% and a healthy 14.5% cash-to-assets ratio. This financial robustness allows the company to invest, return capital, or manage short-term challenges. This is where Tapestry's narrative takes a definite downturn: the stock has habitually underperformed the S&P 500 during significant downturns. It fell 46% during the 2022 inflation shock (compared to the index's 25% drop), plummeted 64% in the 2020 COVID crash (versus 34%), and decreased 78% in the 2008 financial crisis (against 57%). While it eventually recovered each time, the significant declines emphasize a concerning level of volatility, particularly alarming in today's unpredictable economic landscape. Our dashboard How Low Can Stocks Go During A Market Crash illustrates how key stocks performed during and after the last six market crashes. In summary, Tapestry rates neutrally on growth and profitability, strongly on financial stability, but very weakly on downturn resilience, resulting in an overall uninspiring profile. Despite recent price gains and what appears to be a fair valuation, the stock's unimpressive fundamentals and poor track record during previous market shocks render it a risky investment. While it would be advisable to steer clear of TPR stock at this time, you might consider the Trefis Reinforced Value (RV) Portfolio, which has outperformed its all-cap stocks benchmark (combination of the S&P 500, S&P mid-cap, and Russell 2000 benchmark indices) while delivering strong returns for investors. What is the reason for this? The quarterly rebalanced mix of large-, mid-, and small-cap RV Portfolio stocks has offered a proactive means to capitalize on favorable market conditions while minimizing losses when markets decline, as detailed in RV Portfolio performance metrics.
Fashion Value Chain
14-06-2025
- Automotive
- Fashion Value Chain
LANGUAGE® Launches Sterling Drivers for Effortless Style
LANGUAGE®, renowned for its refined craftsmanship and modern design sensibilities, announces the launch of its latest men's footwear innovation – The Sterling Drivers. This new collection delivers the perfect blend of timeless design, everyday ease, and versatile functionality, crafted for the fast-paced lives of today's style-conscious men. Made with premium leather uppers and soft leather linings, The Sterling Drivers ensure breathability, durability, and long-lasting comfort. A leather-lined cushioned footbed supports all-day wear, while the TPR sole offers flexibility and reliable grip for various settings—from weekday errands to weekend gatherings. Key Features: Slip-on design for easy, fuss-free wear Cushioned leather insole for enhanced support TPR outsole for flexibility and traction Understated design for wardrobe versatility Available in five sophisticated shades — Forest Green, Grey, Navy, Black, and Brown, these drivers transition effortlessly from denim to tailored chinos, making them an essential addition to the modern man's wardrobe. The Sterling Drivers are now available at LANGUAGE® exclusive stores in Chennai, Hyderabad, Chandigarh, Indore, Ludhiana, Patiala, Bathinda, and Sangrur, and across 250+ premium multi-brand outlets in India. Shop online at and Follow for updates: Instagram & Facebook – Language Shoes
CNBC
12-06-2025
- Business
- CNBC
TD Cowen upgrades this fashion house, citing ‘brand heat' from Gen Z customers
TD Cowen sees a bright future ahead for fashion giant Tapestry . The investment bank upgraded Tapestry — the parent of Coach and Kate Spade New York — to a buy rating from hold. Analyst Oliver Chen also lifted his price target 11%, to $100 from $90. Shares of Tapestry have surged 25% this year while the S & P 500 has risen just 2%. Chen's updated target implies an additional 22% upside from Tapestry's Wednesday close of $81.75. TPR YTD mountain TPR shares YTD As a catalyst, Chen cited continued brand momentum at Coach, which he estimates could grow about 5% in fiscal year 2026. "We believe Coach can see sustained growth and gain market share through the platform strategy and expanding [product lineup] families, as well as lifestyle product assortment expansion. Additionally, brand awareness remains low with long-term growth opportunity in China and Europe through store growth and marketing investment," he wrote. "Overall, Coach brand heat has allowed the business to drive higher full-price selling, resulting in record gross margins of ~78% with greater opportunity to reinvest in product development." Chen sees specific tailwinds for Coach coming from a focus on its families of handbags and the compounding effects of "Gen Z customer acquisition" as popularity grows. The next big opportunity for Tapestry lies in the footwear market, which could potentially reach $1 billion in revenue, Chen said. "Footwear is the next logical extension to injecting more lifestyle and adjacent purchases from core customers. The company has also recently launched shoes with uniform pricing across outlet and full-price stores," he wrote.
Phone Arena
01-06-2025
- Business
- Phone Arena
Why reps at T-Mobile corporate-owned stores hate those working at TPR stores
In the past, we've explained the differences between a T-Mobile COR (corporate-owned) store and a TPR ( T-Mobile Premium Retailer) retail location. The latter stores are owned and operated by third-party companies and while the branding and the products are mostly the same, the TPR stores are independently run. T-Mobile and the third-party company typically sign a contract that details the obligations of both sides. It might not be easy for you to determine whether you are inside a T-Mobile corporate store or a TPR. There will be small signs, possibly on the storefront window, that say "Authorized Retailer" or "Independent Retailer" at a location owned and operated by a third-party. But these are usually much smaller than the huge brand signage that screams " T-Mobile ." In the past, we've told you about the metrics that T-Mobile reps must meet every month. Those working at TPR stores supposedly have higher goals to meet than the reps working in corporate-run stores. That might explain why we hear that shady sales practices take place more often inside TPR locations. You know what we are talking about. Adding accessories such as a case, a battery charger, insurance, additional phone lines, and other items to a customer's purchase without their consent has been a major issue at stores run by third-party companies. Leaked image shows monthly goals for an unnamed rep working at a T-Mobile corporate store. | Image credit-Reddit Reps working at corporate stores are getting tired of having to deal with the fallout caused by the shady practices of some TPR reps. One COR rep wrote on Reddit, "...franchise/authorized retailers get away with the wildest tactics just to hit their numbers. We're out here doing things the right way — no shady pitches, no burying add-ons just to hit goals — and somehow we end up cleaning up the mess they leave behind." One former TPR rep who was laid off said that in the short time he worked there, "I've seen some stuff." The rep in the corporate-owned store says that credit for a sale should go to the person who completes the port-in if a customer is moving over his existing number from another carrier. "If the sale starts in a channel, it should finish there," he writes. One reason why he says frontline reps are tired is because they are dealing with "the mess of every other channel." Besides having to clean up messes made by TPR reps, it appears that some members of the COR sales team are getting stressed having to handle "every aspect of someone's digital life." This corporate store rep notes that "Customers now expect us to store their passwords, reset Gmail or Apple logins, or fix their third-party apps like we're Genius Bar techs." This hits T-Mobile reps right in the wallet because it uses up time that could be used to make sales which is the only thing that these reps get paid to do. Many believe that T-Mobile is slowly transitioning to a business model that does away with all stores altogether relying instead on an app that customers would access to make changes to their T-Mobile account, buy new phones, and chat with a T-Mobile employee to solve an issue. This model is similar to how several pre-paid MVNOs do business such as Verizon-owned Visible. Such a business model might allow T-Mobile to reduce prices. The carrier has started pushing its T-Life app as a tool that customers can use in almost all situations. We've reached out to T-Mobile for a response. If the company responds, we will update this article. Switch to Total 5G+ Unlimited 3-Month plan or Total 5G Unlimited and get a free iPhone. We may earn a commission if you make a purchase Buy at Total Wireless
Phone Arena
26-05-2025
- Business
- Phone Arena
Even a successful manager of a T-Mobile TPR store has no job security
Besides the corporate T-Mobile stores owned by the company itself, there are retail locations known as TPR ( T-Mobile Premium Retailer) which are owned and operated by independent firms that have the permission to use T-Mobile branding and sell the same products you'd find in a corporate store. According to a social media post written by an employee who works for one of the independent operators of T-Mobilr TPR stores, it sounds as though job security at these stores is pretty low even if you're a successful store manager. For example, Redditor prodbyfear wrote a long post explaining what happened after he started working at an unnamed T-Mobile TPR in February 2022. Two years later he became assistant manager as his sales numbers put him among the leaders in his district finishing in the first quintile every month. He was promoted to store manager last August and, as he put it, "me and my reps were making wonderful commission checks way into the new year." Outside of a T-Mobile store in Butler, New Jersey. | Image credit-T-Mobile The first problem occurred this past January when two of his reps (one with the "override" code) applied an unauthorized discount to iPhone 16 purchases in their employee accounts. The store manager was out at the time, and didn't even know about the discounts until loss prevention put the hammer down and canned the two salesmen. This left the store manager without two of his best reps forcing him and two other employees to put in outrageous hours. In February the store fell into the fifth and bottom quintile. Making matters worse, the company that owns these stores raised the metrics that its reps have to meet or face losing their jobs. The monthly goal of activating 90 voice lines (125% of the target) rose to 120-130 voice line activations (again, this was 125% of the monthly goal). For a store that is struggling, making the metrics goal harder to top might not have been such a smart thing to do. The store manager made a critical mistake in retrospect when he told the company he works for that he needed help. The firm told him that he shouldn't need to ask for additional help and that there is no reason for the store not to remain profitable and remain a top 50 store in the company. The store manager got involved in a personal issue that had nothing to do with the store (he was arrested for a misdemeanor outside of work and the charge has been cleared). Still, when he returned, the District Manager came by the store, and out of camera view he told the store manager that he was going to be demoted and if he didn't agree to the demotion the company would "kick rocks" at him and get him fired. The only thing I can think of reading this is that when it comes to some of T-Mobile 's TPRs, shady does as shady is. I know many of you younger phone enthusiasts out there might consider a career selling the devices you love so much. One thing I learned as a younger smartphone fan before I got the PhoneArena gig is that reps really don't care about smartphones. Nor do they keep up with the news in the industry. I used to visit a Verizon store near me and chew the fat with some of the reps about upcoming phones and not one rep I spoke with knew what new phones were on the horizon. That seemed surprising at first until I realized that it is a sales job and their job is selling the inventory they have, not telling a customer to wait for the next model because it will have a better ultra-wide camera sensor. If you do decide to check out mobile device sales as a possible career, my advice would be to stick with corporate-owned stores and stay away from the seamy, slimy side of smartphone sales that you could experience by working for the wrong third-party authorized dealer. We have reached out to T-Mobile asking for a comment on this article. Any response will be added in an update to this story.
