Editor
Coach parent Tapestry, which agreed to buy Capri last week, forecast fiscal 2024 profit and sales below estimates on Thursday after waning US demand for its luxury handbags hurt fourth-quarter results.
The company also joined luxury rivals Ralph Lauren, LVMH, Gucci-owner Kering and Canada Goose in pointing to a challenging consumer backdrop in North America.
The increased cost of living and still-high inflation has pressured American budgets,…
