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October 24, 2007
Despite Strong Q1, Coach Sees Slower Traffic
Coach Inc. posted a 23% jump in its first quarter income to $155 million. The leather goods company cited strong direct-to-consumer sales, which increased 26% to $508 million.
Coach warned, however, that traffic to its U.S. retail stores was slowing. While the company is currently being cautious it still plans to open 40 new stores in the U.S. over the next few years, saying overall its business is very strong.
Posted by Blacks on October 24, 2007 12:52 PM
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