Consumers are exercising caution but that isn’t keeping Coach Inc. from boosting its bottom line and planning a new, higher-end concept.
The company said Tuesday that fourth-quarter profits jumped 32.9 percent and sales gained almost 20 percent. Although Coach expects the consumer to be squeezed well into next year, the accessories producer is exploring a more upscale business concept for 2010 that may operate independent of the Coach name.
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)