In the fourth quarter, Coach backtracked from its move in the preceding three-month period and reinstated the use of in-store coupons.Frankfort warned of “the impact of the muted consumer environment in North America and a softening global macroeconomic outlook” for the new fiscal year.Coach Outlet sales at US department stores such as Macy’s Inc and Nordstrom Inc, which account for 6 per cent of company sales, were hurt by a drop in shipments.Still, the company continued to benefit from its overseas business. Same-store sales in China, where it is expanding quickly, rose by a double-digit percentage. Sales in Japan, its second-largest market, rose 16 per cent, excluding the impact of currency.Coach Handbags USANet income was $251.4 million, or 86 cents per share, compared with $202.5 million, or 68 cents, a year earlier. That was a penny above what Wall Street executives were expecting.
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