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April 25, 2007
Coach Sees Its Earnings As In The Bag
Coach Inc. plans to take advantage of the strength of its accessories business by launching two new lifestyle brands.
The first brand, called Bleecker, is a lightweight collection of primarily leather goods, influenced by the company’s history. Bleecker will launch in October and the second brand, a line of sporty totes called Heritage Stripe, will debut next spring.
The news came as Coach reported a 38 percent increase in earnings for its third-quarter due to strong sales in its accessories business.
Blacks's Take: Coach has built a business around offering the classic, enduring handbag and the new collections will likely solidify this position.
Posted by Blacks on April 25, 2007 09:20 AM
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