By  on October 26, 2010

Shares of Coach Inc. rose almost 12 percent Tuesday after its first-quarter profits increased 34.1 percent on a sales gain of 19.7 percent, led by a spike in shipments to U.S. department stores and overseas.

The company is moving ahead with ambitious plans for China and is also beginning to reap some success from its men’s business, which is expected to account for a greater share of overseas volume, Lew Frankfort, chairman and chief executive officer, told WWD.

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