News

Coach’s profits ride high on rising handbag and accessory sales

27/10/2003

There was more encouraging news for the world’s leather industry last week as the US luxury leather goods retailer, Coach Inc, posted a 43% leap in gross profits to $187.9 million for its first fiscal quarter.

 

In the three months ended September 27 2003, the firm’s sales increased 34% to $258.4 million, boosted by swift revenue growth in its luxury handbags and accessories division. The company’s net income rose a massive 88% to $42.3 million

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