Strengthens omnichannel solutions
Further improve product availability and service
NEW YORK, November 16, 2021– (COMMERCIAL THREAD) – Tapestry, Inc. (NYSE: TPR), a leading New York house of modern luxury accessories and lifestyle brands including Coach, Kate Spade New York and Stuart Weitzman, officially announced today the grand opening of its new distribution center in north Las Vegas, Nevada (NVFC), which is expected to create more than 400 full-time jobs by 2029. The new facility demonstrates Tapestry’s customer focus and will further build capacity omnichannel of the company.
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Tapestry, Inc. executives Joanne Crevoiserat (CEO), Todd Kahn (CEO and Brand President, Coach), Ken Sanders (VP of Fulfillment and Logistics), Joseph Gillespie (Sr. Director, Engineering & Facilities) and Alma Mercado (Sr. Manager, HR, NVFC) at the grand opening of the company’s new North Las Vegas distribution center. (Photo: Business Wire)
Company representatives present at the ribbon cutting ceremony included Joanne Crevoiserat, CEO of Tapestry, Ken Sanders, SVP of Execution and Logistics, Joseph Gillespie, Senior Director of Engineering and Facilities, and Todd Kahn, CEO and President of the Coach brand. Ceremony attendees also included Jermareon Williams, Regional Representative for U.S. Senator Jacky Rosen, Melanie Sheldon, Director of Business Development – Southern Nevada of the Governor’s Office of Economic Development, North Las Vegas Mayor John Jay Lee and others. community leaders as well as representatives of asset manager Clarion Partners, site developer Seefried Industrial Properties and commercial real estate company JLL. Also in attendance was Jason DiOrio, Director of Corporate Partnerships for United Way of Southern Nevada.
GIVE BACK AS A LAS VEGAS COMMUNITY MEMBER
The Tapestry Foundation is also supporting the greater Las Vegas community with a $ 50,000 grant to United Way of Southern Nevada to fund community programs, which include education, emergency shelter, food aid, health services. health and crisis aid. This donation is supported by Tapestry’s recently announced actions to bring about positive change for its people, planet and community, including its new program offering all employees around the world one paid day per year to volunteer to support causes close to their hearts in communities. communities where our associates live and work. Tapestry runs volunteer opportunities throughout the year for employees and will encourage them to engage in the impactful United Way of Southern Nevada corporate volunteering program.
In addition, in line with Tapestry’s commitment to reduce its direct environmental impacts and focus more on renewable energies, the NVFC project is designed for LEED Gold® certification. The new distribution center will be partially powered by a solar panel on its roof, use innovative landscaping to minimize water consumption, have energy efficient lighting throughout the facility, and feature electric vehicle charging stations.
“The new North Las Vegas distribution center is another example of the power of Tapestry’s unique platform, which allows us to extend innovation across our brands and channels and support continued growth. said Joanne Crevoiserat, CEO of Tapestry, Inc. “We are delighted to join the North Las Vegas community with this facility which will include cutting edge technology solutions that will allow us to better serve our West Coast customers. “
TO FILLTHEMENT INNOVATION CENTER
The NVFC will take advantage of the latest technological advancements in material handling equipment, including a goods-to-people system, which increases efficiency, speed and storage capacity through automation and interaction with systems management to optimize allocation processes. Serving Coach and Kate Spade, the facility is designed to dispense 22.2 million units per year and hold 4 million units in inventory for retail and e-commerce. Upon completion in 2022, the NVFC will span over 788,000 square feet.
John Jay Lee, Mayor of North Las Vegas, added: “We are delighted that Tapestry has chosen North Las Vegas as the location for its state-of-the-art distribution center. North Las Vegas has a proven track record of recruiting and attracting cutting edge industry leaders who are also good corporate citizens, and through their goal and people driven philosophy, Tapestry is already making a positive impact in our community as the business expands into the city. “
Ken Sanders, Senior Vice President of Distribution and Logistics at Tapestry, said, “We are delighted to open our new North Las Vegas distribution center and bring additional jobs to the North Las Vegas community. with our largest and most technologically advanced facility yet. We are grateful for the collaboration of Clarion Partners, Seefried Industrial Properties, JLL and many local and state leaders who helped make this facility a reality. “
Recruitment for the NVFC has already started. Tapestry offers competitive salaries and a full package of benefits, including paid time off, a 401 (K) savings plan and company match, financial education resources and training, medical benefits for full-time and part-time employees and paid sick leave for all employees. For more information on employment opportunities in Tapestry’s NVFC, visit https://careers.tapestry.com/.
About Tapestry, Inc.
Our global brand house brings together the magic of Coach, Kate Spade New York and Stuart Weitzman. Each of our brands is unique and independent, while sharing a commitment to innovation and authenticity defined by distinctive products and differentiated customer experiences across channels and geographies. We use our collective strengths to move our customers and empower our communities, to make the fashion industry more sustainable, and to build a fair, inclusive and diverse business. Individually, our brands are iconic. Together we can expand what is possible. To learn more about the tapestry, please visit www.tapestry.com. The Company’s common shares are listed on the New York Stock Exchange under the symbol TPR. follow us on LinkedIn and Instagram.
About Clarion Partners
Clarion Partners, an SEC-registered investment adviser with FCA-authorized subsidiaries and members of FINRA, has been a leading real estate investment manager in the United States for over 39 years. Headquartered in New York, the company has strategically located offices in the United States and Europe. With more than $ 65 billion in assets under management, Clarion Partners offers a wide range of real estate strategies covering the entire risk / return spectrum to its more than 500 domestic and international institutional investors. More information about the company is available at www.clarionpartners.com.
About Seefried Industrial Properties
Founded in 1984 by Ferdinand Seefried, Seefried Industrial Properties specializes in the development, rental and management of industrial real estate in key markets in the United States. Seefried leases and manages approximately 35 million square feet for its institutional and European clients and has developed, or is in the process of developing, approximately 190 million square feet of space valued at over $ 13 billion in over 30 markets . Based in Atlanta, the company has regional offices in Dallas, Chicago, Los Angeles and Phoenix. For more information, please visit www.seefriedproperties.com.
About JLL
JLL (NYSE: JLL) is a leading professional services firm specializing in real estate and investment management. JLL is shaping the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, incredible spaces and sustainable real estate solutions for our clients, employees and communities. JLL is a Fortune 500 company with annual revenue of $ 16.6 billion in 2020, operations in over 80 countries, and a global workforce of over 95,000 as of September 30, 2021. JLL is the brand name and a registered trademark of Jones Lang LaSalle Incorporé. For more information visit jll.com.
About United Way of Southern Nevada:
United Way of Southern Nevada (UWSN) believes everyone deserves a roof over their heads, a good job, and access to a quality education. For over 64 years, UWSN has united our community to improve people’s lives. Funds raised in Southern Nevada stay here and help support one in four people. Join us and help ensure that everyone in our community has the opportunity to succeed. Donate today on uwsn.org and connect with us on Facebook @UnitedWaySN, Instagram, Twitter and YouTube @UWSN, LinkedIn at United Way of Southern Nevada and TikTok @ UWSN702.
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Contacts
Tapestry, Inc.
Analysts and media:
Andrea Shaw Resnick
Head of communications
212 / 629-2618
aresnick@tapestry.com
Kelsey Mueller
Director, Investor Relations
212 / 946-8183
kmueller@tapestry.com
