Coach owner stockpiling handbags for holidays

Bloomberg

The owner of the Coach and Kate Spade brands is stockpiling its handbags and other accessories ahead of the holiday season to ensure it can meet consumer demand amid ongoing delays in the delivery of products from suppliers.
“We find ourselves in a dynamic where the consumer demand backdrop is strong, while supply chain remains challenging,” Scott Roe, the chief financial officer of Tapestry Inc, told analysts on a call to discuss quarterly earnings.
The retailer, which also owns Stuart Weitzman, is working on “securing significant expedited deliveries, at an additional cost, in order to mitigate the impact of supply chain disruptions, at least through the holiday period.”