Lew Frankfort, chairman and CEO, attributed a significant portion of the growth to the rapid expansion of its handbag and accessory category.

For the six months ended December 30, net sales reached $1.4 billion—up 26% from the $1.1 billion reported in the first six months of fiscal 2006. Net income rose to $353 million, 32% higher than the $268 million reported a year ago.

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