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Holland Sentinel in Holland, Michigan

07 May 2021

Page 8

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Holland Sentinel May 7, 2021 Page 8 old newspaper archives

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This newspaper page contains 2 articles. Subscribers can read the full text of each article.

Newspaper

Holland Sentinel

Location

Holland, Michigan, United States of America

Date

May 07, 2021

Page

8

Clothing demand rebounds as Tapestry posts profit

Tapestry Inc reports fiscal third quarter sales up 19 percent ending March 27, swing to a profit from a loss, driven by Kate Spade, Stuart Weitzman and Wrangler maker Wrangler and Lee brands. Kontoor Brands also beats expectations with 29 percent sales rise and a swing to profit, as CEO Scott Baxter notes casualization and hybrid work support ongoing comfort dressing.

MENTIONED IN THIS ARTICLE

Coach Wrangler Lee Jeans Tapestry Inc Wall Street Kate Spade Stuart Weitzman Joanne Crevoiserat Tapestry Leemaker Kontoor Brands Inc Scott Baxter Associated Press Greensboro North Carolina
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Buyers Face Scarce Inventory In Record Price Growth

Christine Rodriguez and Oscar struggle to find a starter home in Des Moines Town as inventory vanishes. Nationally, homes priced 250k to 100k drop 11 percent from a year earlier, under 100k down 26 percent while over 1 million rise 81 percent. Low rates keep demand high though. Economists warn this squeezes first time buyers and widens wealth gaps amid a national housing shortage and rising prices. Mortgage rates hover near historic lows around 2.97 percent for 30-year fixed loans, keeping buyers able to stretch to higher prices even as listings fade.

MENTIONED IN THIS ARTICLE

Christine Rodriguez Oscar Des Moines Town Christine Rodriguez National Association of Realtors USA Today Chappaqua New York Midtown Manhattan Bill Hillary Clinton Usha Subramaniam Compass U.S Freddie Mac Fleming
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Also Mentioned on This Page

Swapna Venugopal Ramaswamy Mount Kisco N.Y Usha Subramaniam Team Ema Foundation Systems of Michigan Tomalu Aperts
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