Coach profits up 21%
US leathergoods firm Coach has announced that its fiscal third-quarter earnings rose 21% on strong sales in China as the company also raised its dividend 33%.
The company has seen its profit grow for over two years on the strength of its North American direct-to-consumer businesses and global expansion. The company also is broadening its men's business with more male-oriented products and by opening men's stores in the US and Japan.