Coach Risks 73 Percent Margin on New Shoe Line, in a Bid to Maintain Market Share

Source: Coach

NEW YORK, United States — Coach Inc. has fought for relevance in recent years by introducing bling-laden products to attract younger shoppers and then bringing back more classic lines for its long-time customers. Yet the company remained true to its roots: finely crafted leather bags.

…Continue Reading

On Fleeting Hong Kong Trips, Chinese Make Frugal Fashionable

Source: Reuters

HONG KONG, China — Armed with empty suitcases and same-day return tickets, an army of mainland Chinese is descending on suburban outlet shopping malls and international fashion chains in Hong Kong, turning cheap into the new chic as luxury falls out of favour.

…Continue Reading

Market Pulse | China Slowdown Casts a Cloud

Savigny Luxury Index April 2013 | Source: Savigny Partners

LONDON, United Kingdom — The Savigny Luxury Index (“SLI”) lost 1.5 percent in April, underperforming the MSCI World Index (“MSCI”) by almost two percentage points. Luxury spending in Europe has been hit by a drop in tourist demand, as well as price increases by brands seeking wider margins. The unusually cold weather, particularly in March, also contributed to weak demand for Spring/Summer ready-to-wear collections.

…Continue Reading

Coach 3Q Profit Up 6 Percent, Beating Expectations

Coach 'Legacy' by The Sartorialist | Source: Coach

NEW YORK, United States — Coach Inc. reported fiscal third-quarter results Tuesday that beat Wall Street expectations as the luxury handbag maker saw sales increase in its flagship North American market, as well as overseas. The New York company also said it's raising its dividend by 15 cents annually to $1.35 per share.

…Continue Reading

Power Moves | Krakoff to Depart Coach

Reed Krakoff | Photo: Sheila Metzner

NEW YORK, United States — After more than 16 years as president and executive creative director of US accessories brand Coach, Reed Krakoff has announced that he will not renew his contract with the label, which is set to expire in June of 2014. The company has started the hunt for his successor. Krakoff is said to be leaving to focus on his own high-end label of sportswear-inspired apparel and accessories, Reed Krakoff, which he

…Continue Reading