US-based luxury goods company Coach, Inc. has reported a 30% increase in net sales on a continuing operations basis for its third fiscal quarter ended March 31, boosted by rapid growth in the US handbag and leathergoods market. Sales reached $625 million from the $480 million generated on the same basis in the prior year. Total net sales, including discontinued operations, were $633 million, 27% up from $498 million. Net income rose 45% to $147 million, compared with $102 million in the prior year.

Share this story: