Tapestry (NYSE: TPR) stock, a luxury goods retailer of handbags, shoes, and accessories under the Coach, Kate Spade, and Stuart Weitzman brands, has increased by almost 13% over the last five trading days (one week) and currently stands at around $32. The retailer’s stock jumped on beating both top and bottom lines in the recent fiscal third quarter in the face of a high inflationary environment. The company continued to leverage its digital scale to bring in new customers and develop a sustainable advertising budget during the quarter.