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.
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)