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April 23, 2008
Coach Reports Sales Spike, Plans 40 New Doors
Coach’s third-quarter income spiked 8.3% to $162 million on sales that jumped 19% to $745 million.
Comps for the period ended March 29 were up 9%. Riding on the wave of success, Coach detailed plans to open up 40 new doors over the next year. It has developed a new store format called “the gallery” in which all of Coach’s merchandise is easily viewed in one place.
The company declined to give specific projections for the rest of the year but said it expected double-digit growth.
Posted by Blacks on April 23, 2008 10:05 AM
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