NEW YORK — Shares of Coach Inc. rose 9.8 percent after the firm posted third-quarter results, reflecting a bounce-back from the second quarter’s results, which were impacted in part by sagging holiday demand.
According to Lew Frankfort, chairman and chief executive officer, in a telephone interview, the latest quarterly results also reflect improved consumer sentiment about where the economy is headed. In January 2008, Frankfort was among the first to call the pull-back a “consumer-led recession.”
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)