Coach growth buoyed by China and US
24/10/2012
US-headquartered Coach’s North American sales increased 8% to $784 million and international sales increased 15% to $362 million against last year.
Coach CEO, Lew Frankfort, said: “We were pleased with our results this quarter, highlighted by double-digit top line growth, with strong comparable stores sales. In addition, we completed the acquisition of our domestic distributors in Korea and Malaysia.”
The company opened five factory stores in the quarter, bringing the total to 354 retail stores and 174 factory stores as of September 29, 2012.
Of the company’s recently launched Legacy range, Mr Frankfort said: “Inspired by our archives, this modern, leather-based collection reinforces our distinctiveness in the marketplace.”
He added: “We are well positioned for the holiday season and remain confident in our ability to deliver double-digit growth during our planning horizon given the strength of the Coach brand and our increasing global expansion.”
Share this story:
