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October 24, 2006
Bags Boost Coach's Quarterly Profit
Premium handbags boosted Coach Inc.’s first quarter sales by 23% to $554 million. Profit for the quarter ended Sept. 30 rose 34%, to $126 million.
The company’s Legacy and Signature Stripe handbag lines did particularly well.
Looking forward, the New York leather goods maker predicted strong holiday sales with the continued popularity of high-end bags.
Posted by Blacks on October 24, 2006 10:12 AM
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