Tapestry, Inc. (TPR)’s Turnaround Example Needs To Be Followed, Says Jim Cramer

We recently published 10 Latest Stocks Jim Cramer Discussed In An Episode Examining Turnarounds. Tapestry, Inc. (NYSE:TPR) is one of the stocks Jim Cramer recently discussed.

Tapestry, Inc. (NYSE:TPR) is a high-end American accessories, footwear, and jewelry company. Cramer’s previous comments about the firm have raised the point that the firm offers consumers high-value products. Value in this sense, according to the CNBC host, does not mean low price but quality at a reasonable price. Cramer has also appreciated Tapestry, Inc. (NYSE:TPR)’s Coach brand by commenting that in hard times, you simply “eat” your competitors instead of trying to take them over. Tapestry, Inc. (NYSE:TPR) is currently executing a turnaround with its Kate Spade brand by simplifying its product lineup and attracting younger shoppers. During this episode, Cramer and co-host David Faber discussed turnarounds and Cramer used Tapestry, Inc. (NYSE:TPR) as an example for others, such as Target:

“Everybody has to do something like Tapestry. Everybody. My great friend Sarah Eisen did a terrific interview with Tapestry. And I think that turnarounds can happen. Turnarounds are real. They’re hard though.”

Here is what Cramer said abut Tapestry, Inc. (NYSE:TPR) on August 16th:

“[On shares being down due to impact from tariffs] Now there’s one where if you want to have a consumer price index problem, I didn’t that there’s was going to be as bad as it is. And that’s Coach. And you know, wow, I mean they didn’t signal that beforehand. It was kind of, quizzical.”

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Disclosure: None. This article is originally published at Insider Monkey.