Coach goes global, High Street retail rebounds, Archs out from Ungaro, ASOS’ lofty goals, Isabel Marant’s SoHo chic

Coach Spring/Summer 2009 Featuring Ali Michael | Source: Coach

Coach Spring/Summer 2009 Featuring Ali Michael | Source: Coach

Coach Doubles Dividend as Earnings Top Estimates (BusinessWeek)
“Coach Inc., the largest U.S. maker of luxury leather handbags, doubled its dividend and announced an expansion in Europe … The company said it planned to open at least 14 stores in France … with Printemps, the French department-store chain. Coach has also agreed in principle to create a joint venture with Hackett Ltd. to open stores in the U.K., Spain, Portugal and Ireland.”

High street retailers show their resilience (Independent)
“Burberry, the fashion giant, said its sales had risen by 6 per cent during the first half of its year, adding that profits were now likely to come in above previous expectations of around £200m. Meanwhile, Primark, said it was also seeing strong demand continuing, with profits up 18 per cent during the first half to £144m.”

Estrella Out (Vogue)
“The Ungaro plot grows thicker today with the announcement that head designer Estrella Archs has left her position at the French house.”

Asos aims for £1bn global operation (Times)
“The online fashion retailer reported a sales rise of 38 per cent in the year to the end of March, a slower rate than previously, but insisted that its international expansion meant that it could quadruple in size by 2015.”

What’s in a Label? Say It in French (NY Times)
“The environment of Ms. Marant’s new SoHo store is reflective of the finished-yet-unpolished look of her clothing: artsy structures in raw wood; acoustic French folk music.”