In April, luxury handbag maker Coach, Inc. (NYSE:COH) reported a 7% increase in overall revenue to $1.19 billion. Sales grew 7% in North America and 6% in international markets. The healthiest showing came from China, where sales soared a whopping 40%.A new tiffany jewelry outlet hapter in luxury goods
Coach has introduced a vast array of accessories for men and women in attempts to lure new, younger customers. Yet at the same time, it's been careful not to stray too far from its classic handbags (its cash cow), which benefit from a loyal following.
Upstarts like Michael Kors Holdings Ltd (NYSE:KORS) and Tory Burch have muscled their way into Coach’s once dominant territory. So, Coach is growing its line, aiming to become a full lifestyle brand.
Tiffany & Co
In an effort to keep up with competition, Coach is expanding.
“We’re pleased with the progress we’re making toward our transformation to a global lifestyle brand, anchored in accessories,” said CEO Lew Frankfort.Following the upbeat quarter, CFO Patrick McGuiness cautioned that present quarter and full year results might not be as sparking “especially in light of the underlying softness in the Americas” and the “further weakening of the yen.”
The muted projections came amid Tiffany & Co. (NYSE:TIF)’s earlier warning that fiscal Q1 adjusted earnings could slip 15%-20% due to pressures on gross margins and higher marketing related costs.
The results handily beat analysts' tempered forecasts of $0.52 per share on revenue of $855 million, and a same store sales increase of 1.5%.One dark, handsome, rich-looking man with passionate natures and too many teeth is wanted for pocketing $100,000 worth of necklaces from Tiffany’s Fifth Avenue store.