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.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)