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Tapestry Inc. joins other luxury groups with falling sales for FY 2020

Stuart Weitzman recorded $286 million in FY 2020 net sales. Image credit: Stuart Weitzman

 

U.S. fashion group Tapestry Inc. nearly achieved $5 billion in net sales for the 2020 fiscal year, even as sales were dramatically impacted in the fiscal fourth quarter due to coronavirus-related store closures.