Coach Declines After North American Holiday Sales Tumble

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

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.

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Luxury Sales to Exceed $318 Billion, Driven by Emerging Markets and ‘Affordable Luxury’

Coach Spring/Summer 2013 Campaign | Source: Coach

Today, BoF can exclusively share the findings of a new report by Euromonitor International, indicating that, in 2013, luxury goods sales will exceed $318 billion worldwide, representing a year-on-year real value gain of 3 percent, driven by emerging markets and ‘affordable luxury’ brands.

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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.

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