By  on January 23, 2013

NEW YORK — Shares of Coach Inc. slid 16.4 percent Wednesday to $50.75, after the handbag maker said sagging holiday demand and increased competition in the accessories market contributed to lower-than-expected second-quarter earnings. The New York-based brand also registered negative comparable-store sales in North America for the quarter, marking only the third time in 11 years that it recorded a negative comp.

 

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