World Footwear

Companies

Stuart Weitzman aiming to achieve profitability this year

Sep 10, 2021 United States
Stuart Weitzman aiming to achieve profitability this year
Tapestry, the US-based group owning Stuart Weitzman, believes the brand will become profitable again in the current fiscal year. A restructuring process of the company is underway

In the quarter ended on the 31st of July (last quarter of the fiscal year), Stuart Weitzman presented reduced operating losses driven by higher revenue and a reduction in expenses. The brand announced net sales of 84.9 million US dollars for the quarter, up by 126% from the previous year and by 7% from the fourth quarter of 2019

Tapestry’s management underlined that Stuart Weitzman benefited from a “significant increase” in demand for dress styles as the reopening of the economy took place after the COVID-19 related lockdowns. 

At the same time, Stuart Weitzman exited unprofitable markets and downsized its store network: now counting with 48 locations in North America (58 a year ago) and 56 units abroad (down from 73). 

Based on this, Tapestry is aiming that Stuart Weitzman to be profitable this fiscal year.

Related Events

  • Jan
    11
    Jan 11-Jan 14, 2022 | Dallas, United States

    Dallas Apparel & Accessories Market

  • Jan
    13
    Jan 13-Jan 16, 2022 | Denver, United States

    Denver International Western/English Apparel & Equipment

  • Jan
    14
    Jan 14-Jan 16, 2022 | St. Paul, Minnesota, United States

    Northwest Shoe Travelers

  • Jan
    26
    Jan 26-Jan 28, 2022 | Denver, United States

    Outdoor Retailer

Related Organizations

  • WSTA - World Shoe Travelers Association

    WSTA - World Shoe Travelers Association

    United States
  • Fashion Design Office

    Fashion Design Office

    United States
  • Fashion Institute of Technology

    Fashion Institute of Technology

    United States
  • Two Ten Footwear Foundation

    Two Ten Footwear Foundation

    United States