By  on July 30, 2008

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.

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