Coach owner Tapestry predicts China troubles will start to ease in June
Customers walk past a Coach store at Shanghai New World Daimaru department store on August 12, 2019 in Shanghai, China.VCG | Visual China Group | Getty ImagesCoach owner Tapestry shares climbed nearly 16% Thursday after the retailer said it's expecting lockdowns in Shanghai will be lifted at the beginning of June, followed by gradual improvements thereafter.The stock was initially down after Tapestry trimmed its profit outlook for fiscal 2022, with lockdowns in China poised to dent consumer demand for its high-end purses…