Leather goods retailer Coach Inc. has announced results for the second quarter with sales up 12% to $235.8 million and earnings up 13% to $0.99 per share. The company also said that profit margins had been improved through the consolidation of Coach Japan, Inc. and sourcing cost reductions.

Lew Frankfort, Chairman and Chief Executive Officer of Coach said he was pleased with the company’s success in Japan, where Coach continued double-digit gains in comparable location sales, and the US, where holiday sales were strong. He also spoke of plans to expand during 2002, with 20 more stores in the US and ten new locations in Japan.

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