Coach, Kate Spade & Stuart Weitzman Make for Power Trio in Tapestry Q2

What’s better than one sales-boosting luxury brand? Three of them alongside a major corporate tax kickback. Tapestry Inc. — owner of Coach, Stuart Weitzman and newly acquired Kate Spade — announced today second-quarter sales and profit that handily topped Wall Street’s forecasts, thanks to its combination of powerful labels and a strategy that seeks to give each of them an increasingly premium image. The firm said its sales during the period gained 35 percent year-over-year, to $1.79...

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