Coupons helped Coach Inc. get its mojo back in the first quarter — and Wall Street rode along.
Shares of the handbag and accessories maker were up 7.4 percent to $58.15 Tuesday after the company said a return to coupons in its U.S. outlet business and a strengthening in China helped it narrowly beat Wall Street’s quarterly earnings estimate. The stock stood out on a bad day in the market, where quarterly results from other companies and economic worries pushed the Dow Jones Industrial Average down 1.8 percent, or 243.28 points, to 13,102.61.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"