Coach rides high despite tough times
American luxury footwear and leather accessories brand Coach has managed to report strong second quarter results despite a “tough retail environment in the US.”
The company posted net sales of $978 million compared with $806 million in the same period of the prior year, while net income increased 18% to $252 million, up from $214 million, with the gains once again largely attributable to expansion in China and the Asia Pacific region, although its North American business also performed well.