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Tapestry posts net loss of US$294 million

The net loss for the New York headquartered fashion Group in the fiscal fourth quarter ending June 27, 2020, was US$294 million on a reported basis, with net sales for the Coach brand nearly halving over the period.


Nike posts increased fourth quarter revenue

Revenues for sportswear Group Nike rose 5% to US$8.7 billion, up 7% on a currency-neutral basis, with international geographies and the Direct-to-Consumer (DTC) businesses leading to strong revenue growth in the fourth quarter and full year.