Coach parent Tapestry cuts sales forecast on tepid demand in US, China
![Coach parent Tapestry cuts sales forecast on tepid demand in US, China](https://media.fashiongroup.com/m/4116/140d/ee97/8b73/7866/f763/b40a/3dea/5c91/2bc9/208x208/2bc9.jpg)
Coach handbag maker Tapestry cut its annual sales forecast and missed third-quarter revenue estimates on Thursday, signaling weak demand for its tote bags and accessories in North America and China.