By  on April 24, 2012

Coach Inc. is moving on up, along with its prices.

“Significant” changes in its pricing model at outlet stores and growth in the China business lifted Coach’s third-quarter profit 21 percent. But Wall Street was miffed by the vendor’s tweaked strategy and acknowledgment that its North America business slowed a bit, due partially to softness in department store sales, causing shares of Coach to fall 4.3 percent to $71.87 at the end of trading Tuesday.

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