By  on June 23, 2014

Shares of Coach Inc. continued their slump, hitting a fresh 52-week low on Friday, as Wall Street analysts weighed in with their concerns over the company’s turnaround strategy.

Coach on Thursday held its investor day meeting to discuss its brand transformation that includes shuttering 70 North American full-price stores and changing its outlet business. Head designer Stuart Vevers’ first collection is set to reach sales floors in September.

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