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Coach Parent Tapestry Forecasts Weak 2024 on Soft US Demand

The exterior of a Coach store with a shopper window shopping bags outside the store.
Coach parent Tapestry forecast fiscal 2024 profit and sales below estimates. (Shutterstock)

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.

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