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October 17, 2005
Coach Makes Bicoastal Investment
Coach is lapping its luxury handbags and accessories against both shores with the opening of a flagship location in Beverly Hills and a redesigned store in New York. Both stores are due to open next month, right in time for the Christmas shopping season.
The investments underscore the American brand's continued success. The company announced in August that its first quarter results are tracking ahead of plan and that it expects earnings for the period ended Oct.1 to come in at around $445 million, compared to $344 million a year earlier.
Although fashionable ladies are clutching hot bags by apparel designers this season, such as Lanvin’s velvet prize, Coach is still a stalwart brand and its handbags are often considered fashion staples.
Posted by Blacks on October 17, 2005 12:51 PM
