HIGHBuilt-inProduct / Revenue mix
86%
DTC (direct-to-consumer)
“10-K Item 1: 'DTC revenues were approximately 86% of total net sales in fiscal 2025.'”
TPR · Concentration risk · 10-K extracted
Tapestry (TPR) concentration risks
Updated
The most significant concentration Tapestry discloses is DTC (direct-to-consumer) at 86%, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Tapestry’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 3 disclosed concentrations
HIGH2
MEDIUM0
LOW1
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
HIGHBuilt-inProduct / Revenue mix
79.9%
Coach
“10-K Item 1: 'Coach is a global fashion house of accessories and lifestyle collections ... This segment represented 79.9% of total net sales in fiscal 2025.'”
LOWOutside partySupplier
11%
Stuart Weitzman Spain vendor
“10-K Item 1: 'Stuart Weitzman had one vendor, located in Spain, who individually provided approximately 11% of the brand's total inventory purchases.'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-09-06Tapestry's concentration risk is concentrated in its business model and brand mix, with a smaller supplier-side exposure. Direct-to-consumer sales represented approximately 86% of total net sales in fiscal 2025, a high-share structural feature of how the company distributes its products, and the Coach segment alone accounted for 79.9% of total net sales in the same year — another high-share, structural concentration that makes Coach's performance the primary swing factor for the whole company. Both figures describe how Tapestry is built rather than dependence on an external counterparty, so they move with brand health and consumer demand, not a single supplier or customer relationship. The one counterparty-specific exposure is narrower: Stuart Weitzman sourced approximately 11% of that brand's total inventory purchases from a single vendor located in Spain, a low-share dependency confined to one of Tapestry's smaller brands. Netting these out, a shock to Coach or to the DTC channel would matter far more to the verdict than the Stuart Weitzman vendor relationship, which is both small and isolated to a peripheral part of the business.
For the engine’s reasoning on TPR’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Luxury Goods
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| TPR● | Tapestry, Inc. | 2 | 0 | 1 | 3 |
| CPRI | Capri Holdings Limited | 1 | 1 | 2 | 4 |
| MOV | Movado Group Inc. | 0 | 0 | 0 | 0 |
| REAL | The RealReal, Inc. | 0 | 0 | 0 | 0 |
| SIG | Signet Jewelers Limited | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.