Tapestry, Inc. Breaks Ground at North Las Vegas Fulfillment Center

Strengthens omni-channel solutions

Further improve product availability and service

NEW YORK, Nov 16, 2021 – (BUSINESS WIRE) – Tapestry, Inc. (NYSE: TPR), a leading New York City leader in modern luxury accessories and lifestyle brands such as Coach, Kate Spade New York and Stuart Weitzman, announced today officially broke ground for its new fulfillment center in North Las Vegas, Nevada (NVFC), which is expected to create over 400 full-time positions by 2029. The new facility demonstrates Tapestry’s consumer focus and will further strengthen the company’s omni-channel capabilities.

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The leaders of Tapestry, Inc. Joanne Crevoiserat (CEO), Todd Kahn (CEO & Brand President, Coach), Ken Sanders (SVP of Fulfillment and Logistics), Joseph Gillespie (Sr. Director, Engineering & Facilities) and Alma Mercado (Sr . Manager.), HR, NVFC) at the groundbreaking ceremony for the company’s new North Las Vegas Fulfillment Center. (Photo: Business Wire)

Company representatives at the groundbreaking ceremony included Joanne Crevoiserat, CEO of Tapestry, Ken Sanders, SVP of Fulfillment and Logistics, Joseph Gillespie, Senior Director of Engineering and Facilities, and Todd Kahn, CEO and Brand President of Coach. Attendees at the ceremony also included Jermareon Williams, Regional Representative to U.S. Senator Jacky Rosen, Melanie Sheldon, Director of Business Development – South Nevada of the Governor’s Office for Economic Development, the Mayor of North Las Vegas, John Jay Lee, and other community leaders and representatives from the Asset Manager Clarion Partners, the property developer Seefried Industrial Properties and the commercial real estate company JLL. Also in attendance was Jason DiOrio, Director, Corporate Partnerships, United Way of Southern Nevada.

RETURNED AS A MEMBER OF THE LAS VEGAS COMMUNITY

The Tapestry Foundation also supports the Las Vegas community with a $ 50,000 grant to the United Way of Southern Nevada to fund community programs that include education, shelter, food aid, health services, and emergency relief. This donation builds on Tapestry’s recently announced actions to drive positive change for its people, planet and community, including its new program that gives all employees worldwide one paid day per year to volunteer for causes that are important to them in the communities where our employees live. Tapestry organizes year-round volunteering opportunities for employees and encourages them to join the United Way of Southern Nevada’s high-impact corporate volunteering program.

The story goes on

Additionally, in line with Tapestry’s commitment to reducing its direct environmental impact and increasing its focus on renewable energies, the NVFC project is being designed for LEED Gold® certification. The new logistics center will be partially supplied with electricity by a solar system on the roof, will have an innovative landscape design to minimize water consumption, energy-efficient lighting throughout the system and charging stations for electric vehicles.

“The new North Las Vegas Fulfillment Center is another example of the power of Tapestry’s unique platform that enables us to scale innovation across our brands and channels and support continued growth.” said Joanne Crevoiserat, CEO of Tapestry, Inc. “We are very excited to be joining the North Las Vegas community with this facility, which will include cutting-edge technology solutions that will enable us to better serve our West Coast customers.”

FULILLMENT CENTER INNOVATION

The NVFC will leverage some of the latest advances in material handling technology, including a goods-to-person system that increases efficiency, speed and storage capacity through automation and interaction with management systems to optimize allocation processes. The facility, which Coach and Kate Spade serves, is designed to sell 22.2 million units annually and to hold 4 million units in inventory for both retail and e-commerce. When expected to be completed in 2022, the NVFC will cover over 788,000 square feet.

John Jay Lee, Mayor of North Las Vegas added, “We are delighted that Tapestry has selected North Las Vegas as the location for its state-of-the-art fulfillment center. industry leaders who are also good corporate citizens, and with their purpose-driven, people-centered philosophy, Tapestry is already making a positive impact on our community as the company expands into the city. “

Ken Sanders, SVP of Fulfillment and Logistics at Tapestry, said, “We are delighted to be laying the foundation stone with our new North Las Vegas Fulfillment Center and creating additional jobs with our largest and most technologically advanced facility in North Las Vegas to date, thankful for the collaboration of Clarion Partners, Seefried Industrial Properties, JLL and many local and state executives who helped make this facility a reality. “

The hiring for the NVFC has already started. Tapestry offers competitive wages and a comprehensive package of benefits, including paid time off, 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 vacancies at Tapestry’s NVFC, please 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 and at the same time shares a commitment to innovation and authenticity, which is characterized by distinctive products and differentiated customer experiences across channels and regions. We use our shared strengths to move our customers and empower our communities, make the fashion industry more sustainable, and build a company that is fair, inclusive, and diverse. Our brands are individually iconic. Together we can expand what is possible. To learn more about Tapestry, please visit www.tapestry.com. The company’s common stock trades 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 advisor to FCA authorized and FINRA member firms, has been a leading US real estate investment manager for more than 39 years. The company is headquartered in New York with strategically located offices in the United States and Europe. With total assets under management of over US $ 65 billion, Clarion Partners offers its more than 500 national and international institutional investors a wide range of real estate strategies across the entire risk-return spectrum. More information about the firm can be found 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 properties in key US markets. Seefried rents and manages around 35 million square feet for its institutional and European clients and has the development process of around 190 million square feet worth over 13 billion US dollars in over 30 markets. The company is headquartered in Atlanta with regional offices in Dallas, Chicago, Los Angeles and Phoenix. Further information is available at www.seefriedproperties.com.

About JLL

JLL (NYSE: JLL) is a leading professional services company 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, amazing spaces and sustainable real estate solutions for our clients, our employees and our communities. JLL is a Fortune 500 company with 2020 sales of $ 16.6 billion, offices in over 80 countries, and a global workforce of more than 95,000 employees as of September 30, 2021. Embedded JLL is the brand name and registered trademark of Jones Lang LaSalle. Visit jll.com for more information.

About United Way of Southern Nevada:

United Way of Southern Nevada (UWSN) believes that everyone deserves a roof over their heads, a good job, and access to quality education. For over 64 years, UWSN has united our community to improve people’s lives. The funds raised in southern Nevada stay here and help one in four people provide assistance. Join us and help ensure that every person in our community has the opportunity to be successful. Enter today on uwsn.org and connect with us on Facebook @UnitedWaySN, Instagram, Twitter and YouTube @UWSN, LinkedIn on United Way of Southern Nevada and TikTok @ UWSN702.

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contacts

Tapestry, Inc.
Analysts & Media:
Andrea Shaw Resnick
Chief Communications Officer
212 / 629-2618
aresnick@tapestry.com

Kelsey Muller
Director, Investor Relations
212 / 946-8183
kmueller@tapestry.com