If the sight of a Coach bag gives you early-2000s nostalgia, then you’re way behind the pace; the brand has found a growing and dedicated new audience in Gen Z. For Tapestry, parent company of both Coach and Kate Spade, meeting the customer where they are is foundational to growth. Sandeep Seth, chief growth officer and president, is native to that universe, having served as CMO for Coach. “To me, strategy pans across the four Ps: product, price, place, and promotion,” he said. Seth leads an overall growth plan for the conglomerate and tailors specific ones for Coach and Kate Spade. Assessing the difference between being a CMO and a chief growth officer, Seth said there isn’t one, as both require a granular focus on the consumer. “Who is the consumer? How many consumers do we need? How do we drive that growth? So to me, all of this fits in together,” he said. Growing with Gen Z: A core part of Tapestry’s growth strategy is making sure both brands resonate with Gen Z customers. That means specificity, as both have key differentiators: Coach leans into its 84-year-old history of classic Americana, while Kate Spade is known for its whimsical and kitschy collaborations. Speaking of meeting Gen Z customers where they are, Tapestry’s various marketing initiatives are informed by ethnographic research, which entails going into customers’ homes and looking through their closets. Keep reading here.—LI |