In contrast with the brand's previous strong performance, sales grew by only 5 percent for Stuart Weitzman in the third quarter of Tapestry's financial year, ended on March 31, driving the brand into a loss of $12 million for the period. The group, which was previously called Coach, saw its total sales rise by 33 percent to $1.3 billion, thanks in part to its recent acquisition of Kate Spade, and its net profit advanced by 15 percent to $140 million. The management admitted that Weitzman had become a source of sales and margin pressure because of lower-than-expected sell-throughs as well as development and production challenges with its new collection, which impacted deliveries. The line is mainly produced in Spain. Further disruption is expected through the autumn/winter season, but Tapestry expressed confidence in Weitzman's future performance under the new management of Eraldo Poletto.