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.,
Not quite a luxury resurgence (Marketwatch) “The U.S. economy may be slowly coming out of recession, but it appears we’re still pretty conservative when it comes to buying.” What Hermès’ New Chinese Brand Means for the Luxury Industry (Fashionista) “Three days before Christmas, the savvy folks over at godly luxury company Hermès quietly announced that they would launch a new brand in China called Shang Xia.
Luxury retailer look to stage Christmas comeback (Market Watch) “A year after the luxury sector reported the worst holiday season in the already-battered retail industry, high-end retailers are hoping a variety of gambits, from increased exclusives to emphasis on telling why an item is special, can cast that holiday magic.” Record ecommerce sales number reached (Biz Report) “They predicted it and it has now
PPR Sales Miss Estimates as Gucci Touches ‘Low Point’ (Bloomberg) “PPR SA, owner of the Gucci brand, reported sales that missed analysts’ estimates after demand weakened across the French company’s markets, from luxury to furniture and African goods distribution.” Coach fiscal 1Q profit falls slightly; sales rise (AP) “Luxury handbag maker Coach Inc. said Tuesday its new lower-priced handbag lines such as its
EU To Adjust Rules Governing Online Sales (CNN Money) “The European Commission Tuesday said it plans to adjust the rules governing the rights of retailers to sell their goods on the Internet in an attempt to boost online sales in Europe.” Coach Drops On Worries About Slowing Comp-Store Sales (WSJ) “Shares of Coach Inc. fell as much as 7.1% Tuesday after the upscale leather-goods retailer’s fiscal