Coach fares better in China and Europe
Leathergoods brand Coach has reported double digit increases in sales in Europe and China for its first fiscal quarter in 2016.
CEO Victor Luis said the 3% rise in sales to $1 billion on a constant currency basis meant the brand was confident of returning to top line growth in by the end of this fiscal year.
He said: “We continued to successfully execute our brand transformation strategies across our three key brand pillars: product, stores and marketing in the quarter.”
Creative director Stuart Vevers’ new leather bags –the Ace, Nomad and Blake – have been well received.
“Coach is clearly emerging as a house of design, built upon our heritage as America’s original house of leather. In the year ahead we will celebrate this history, while moving the brand forward under Stuart Vevers’ creative leadership leveraging new opportunities through Coach 1941, our runway collection. We are pleased with the continued integration of the Stuart Weitzman brand and the traction that it’s getting with fashionable consumers globally.”
