Coach Falls as Storms, Rivals Cause North American Sales Plunge

Freja Beha Erichsen for Coach Spring/Summer 2014 | Source: Coach

April 29 (Bloomberg) -- Coach Inc., the largest U.S. luxury handbag maker, fell in early trading after posting third-quarter sales at its established North American stores that plunged 21 percent amid increased competition and bad weather.

The sales decline at stores open at least a year in the quarter ended March 29 was steeper than the 15 percent slide analysts projected and worse than the 14 percent drop during the

…Continue Reading

Kors vs Coach, Ferragamo rising, Dover Street Tokyo, Fashion hunt, Front row takeover

Front Row Christian Dior Autumn/Winter 2012 | Source: China Daily

Michael Kors Brand Takes on Coach in U.S. Luxury Market (Bloomberg) “Coach Inc. faces an upstart with momentum and brand recognition. His name is Michael Kors. Since the designer’s company went public three months ago, his ambitions have become clear.” Ferragamo eyes growth after profits beat forecasts (Reuters) “Italian luxury shoemaker Salvatore Ferragamo is expecting ‘significant growth’ in 2012

…Continue Reading