Economic Downturn Impact: Reduced consumer discretionary spending on luxury goods due to inflation, interest rates, and overall economic uncertainty could significantly depress sales across Tapestry's brands.

Intense Competition and Brand Relevance Challenges: The luxury and accessible luxury markets are highly competitive, requiring continuous innovation, effective marketing, and brand differentiation to maintain relevance against established luxury houses and emerging direct-to-consumer brands.

Supply Chain Volatility and Disruption Risks: Reliance on a global supply chain makes Tapestry vulnerable to disruptions from geopolitical events, trade tensions, natural disasters, labor shortages, and rising raw material costs, impacting production and delivery.