By  on January 24, 2012

Enticing prices and burgeoning men’s and international businesses pushed Coach Inc. to a 14.5 percent jump in second-quarter income, driving shares of the New York-based handbag maker up 5.8 percent to $67.97 Tuesday.

“There has been a structural shift in spending over the last decade, where women are spending more on accessories,” said chairman and chief executive officer Lew Frankfort, explaining that the category has grabbed share from apparel and grown 5 percent to 10 percent over the last year.

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus