Coach to focus on footwear to boost slowing sales
24/01/2013
It will "relaunch" its shoe section at 170 of its 356 stores in March, and has begun to install shoe salons to showcase its footwear.
Strong sales internationally were offset by weakened sales in the US, which the US-based company attributed to economic uncertainty and Superstorm Sandy.
It reported sales of $1.5 billion for the quarter, which was 4% up from last year, but it was the slowest rate of growth since 2008.
International sales increased 12% to $411 million, partly driven by a 40% gain in China.
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