Holiday Boost: Tapestry, whose portfolio includes Coach, Kate Spade & Co. and Stuart Weitzman, reported that Coach's same-store sales increased 3% in the latest quarter. Meanwhile, Kate Spade’s comparable sales fell 7%, but Tapestry intends to take the brand through the same process it used to revamp Coach. According to Reuters, Tapestry plans to reduce the amount of promotional sales it puts out and will "no longer use flash sales widely."
New Look: Walmart's innovation hub Store No 8 has acquired virtual reality (VR) startup Spatialand. Katie Finnegan, who has been heading up Store No 8, declined to say how the company plans to leverage the VR software, Recode reports, and said "the team's work may not be revealed for 12 to 18 months."