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- 2013/11/15
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Coach shares plunge on [url=http://60secondssanitybreak.com/category/paulsmith/]Paul Smith キーケース[/url] hard vacation quarter
NEW YORK Shares of Coach Inc. [url=http://60secondssanitybreak.com/category/paulsmith/]ポールスミス メンズ 財布[/url] plunged Wednesday following the upscale handbag seller said a challenging economy and heavy pricecutting by competitors weighed on its fiscal secondquarter outcomes. "fiscal cliff" negotiations.
Coach is [url=http://60secondssanitybreak.com/category/paulsmith/]ポールスミス 時計 アウトレット[/url] regarded a bellwether for uppermiddleincome shoppers who trade as much as luxury goods, so the most recent snapshot raises concern about their spending, as well as that on the wealthy.
The quarter can also be [url=http://60secondssanitybreak.com/category/ugg/]UGG メンズ モカシン[/url] proof of increasing [url=http://60secondssanitybreak.com/category/ugg/]アグ ブーツ オーストラリア[/url] competitors from rivals like Michael Kors Holdings Inc., whose trendy bags are attracting loyal followers. Last year, Coach launched its Legacy collection of handbags inspired by classic styles within the company's archives. The company told investors through a conference get in touch with Wednesday that it is generating its retailers extra [url=http://60secondssanitybreak.com/category/ugg/]UGG ブーツ アウトレット 御殿場[/url] inviting by such strategies as opening shoe salons in its freestanding locations to showcase its footwear.
The New Yorkbased [url=http://60secondssanitybreak.com/category/prada/]プラダ 財布 リボン[/url] organization says its net revenue was $352.7 million, or $1.23 per share, in the quarter ended Dec. 29. That compares with $347.five million, or $1.18 per share, a year ago.
Net sales rose four [url=http://60secondssanitybreak.com/category/prada/]プラダ 長財布 新作[/url] % to $1.50 billion.
The results [url=http://60secondssanitybreak.com/category/prada/]プラダ 長財布 新作[/url] were quick of expectations for earnings of $1.28 per share on revenue of $1.6 billion.
Shares of Coach fell 16.4 http://60secondssanitybreak.com/category/paulsmith/ percent, or $9.93, to close at $50.75 Wednesday. That's near their 52week low of $48.24.
"During the holiday quarter, we drove modest growth and continued to acquire all round traction on our important techniques," Chairman and CEO Lew Frankfort stated in a statement. He noted that when the provider posted sturdy http://60secondssanitybreak.com/category/ugg/ international outcomes, helped by a powerful men's organization, the business was disappointed by its overall performance in North America, where http://60secondssanitybreak.com/category/prada/ the vacation season proved "challenging."
"Most broadly, the [url=http://aubombdog.com/category/moncler/]モンクレール 2014 秋冬[/url] customer was impacted by a muted macroeconomic environment, when inside the women's handbag category competitors intensified and promotional activity [url=http://aubombdog.com/category/moncler/]モンクレール レディース 2014[/url] enhanced," he added. He noted that regardless of a heavy promotional environment, Coach didn't succumb towards the stress and stuck with its pricing strategy to shield the brand.
Total North America sales rose 1 [url=http://aubombdog.com/category/moncler/]モンクレール レディース 2014[/url] percent to $1.08 billion from $1.07 billion inside the yearago period. North American direct sales rose 2 percent for the quarter. Income at stores opened at the least a year fell 2 percent. The measure is viewed as a important http://aubombdog.com/category/moncler/ indicator of a retailer's overall health.
International sales rose [url=http://60secondssanitybreak.com/category/watch/]セイコー ルキア レディース腕[/url] 12 % to $411 million from $368 million a year ago. Results in China remained sturdy, with total sales rising 40 percent and income at [url=http://60secondssanitybreak.com/category/watch/]casio 腕時計[/url] shops opened at least a year increasing at a doubledigit rate. In Japan, sales declined two percent on a continuous http://60secondssanitybreak.com/category/watch/ currency basis.
Frankfort mentioned [url=http://60secondssanitybreak.com/category/watch/]セイコー ルキア レディース腕[/url] China was on course to produce a minimum of $400 million in sales this year. He also stated that the company's men's enterprise is on track to produce sales of a lot more than $600 million globally for the present year, up 50 percent [url=http://jhrrealestate.com/category/paulsmith/]ポールスミス 財布 新作[/url] from a year ago.
But http://jhrrealestate.com/category/paulsmith/ analysts say Coach [url=http://jhrrealestate.com/category/paulsmith/]ポールスミス 時計 メンズ 安い[/url] needs to improved respond to rivals.
Brian Sozzi, chief [url=http://jhrrealestate.com/category/paulsmith/]ポールスミス 財布 レディース がま口[/url] equities analyst at NBG Productions, noted that through his trips for the malls through the holiday purchasing season he noticed that Michael Kors retailers had been packed whereas Coach retailers have been not.
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