NEW YORK — Coach Inc. is experiencing the pains of reinvention.
The accessories and handbag company, which is in the process of evolving its product assortment, pricing and branding in an effort to achieve lifestyle-brand status, saw its shares fall 7.9 percent Tuesday as it reported a 12 percent drop in fourth-quarter income, the cutting of 200 jobs and the departure of two more high-level executives. And the brand doesn’t expect any major turnaround in the challenged North American business over the next few quarters.
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)