Coach Inc. investors cheered this morning when the bag maker’s profit beat estimates. Their exuberance may be short-lived.
Coach Inc., the largest U.S. luxury handbag maker, posted fourth-quarter profit that topped analysts’ estimates, helped by products sold to men.
The Savigny Luxury Index fell 2.2 percent over the month, as adverse foreign exchange movements continue to weigh on the luxury sector’s growth.
The Savigny Luxury Index continued its upward ascent gaining over two percent this month, driven by positive newsflow and reassured prospects for the Chinese economy.
The Savigny Luxury Index (“SLI”) leaped by 3.5 percent last month, as the feel-good factor returned to the luxury sector, underpinned by strong results announcements and positive market reaction to repositioning strategies.
The China Edit is a weekly curation of the most important fashion business news and analysis from and about the world’s largest luxury market.
SHANGHAI, China — As Chinese shoppers get better acquainted with so- called accessible luxury brands, they’re discovering a designer wardrobe doesn’t have to cost them months of pay.
Lack of clarity over the luxury sector’s performance in 2013 and prospects for 2014 caused a dip in the first half of January, reports Pierre Mallevays of Savigny Partners.
NEW YORK, United States — Coach Inc., the largest U.S. luxury handbag maker, fell in early trading after saying sales at North American stores dropped twice as much as analysts’ estimated during the holiday shopping season.
The Savigny Luxury Index lost ground in October, as consumer appetite for mega-brands continues to cool and management changes shake up the industry.
NEW YORK, United States — Coach Inc., the largest U.S. luxury handbag maker, said fiscal first-quarter profit fell 1.6 percent as stiffer competition curtailed handbag sales in North America.