Monday, February 1, 2016

Luxury Retail:What Coach Has Going For It

We've seen our company improve about 20 points,said Coach CEO Victor Luis.We have continued growth in Europe and are doubling our China business.We're really pleased with the Chinese consumer internationally.Tourist flows are up in Europe and Japan.The consumer is looking for quality at great value,and Coach is uniquely situated to meet that need.*
In general,we see ourselves taking share from the traditional European luxury players.Our number one priority is the Coach brand,remodeling our store fleet.By the end of June,we will be 40% remodeled.We have tremendous confidence in the handbag and accessories space.It's the number one investment that women-and increasingly,men-make in their wardrobe.*
Our Stuart Weitzman brand is helping us in the footwear space.In spite of the warm holiday,they were number one in boot sales.*
Coach offers accessories and gifts for men and women,from handbags and men's bags to women's and men's small leather goods;footwear;outerwear;watches;fragrances;and jewelry.*
Coach,Inc (COH)

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