Handbags have been having a tough time this year. So has luxury. So what do you do when you’re a luxury handbag maker? Probably get down on your knees and be thankful you’re keeping your head above water. Coach on Tuesday showed that it’s certainly managed to avoid drowning but it’s a close thing. Its…
All company results are interesting but some are undeniably more interesting than others. Which is why the premium-to-luxury handbag trio of Michael Kors, Kate Spade and Coach is such a fascinating roller coaster read. The story so far: Coach really owns premium accessories for much of this century but then falters and brings in Stuart…
I never used to be a great fan of Stuart Weitzman ad campaigns. Loved the shoes (and boots) yet the campaigns always seemed a little, well, cheesy, especially the Gisele series. But I think I was probably out of step (pun intended) with the rest of the shoe-buying world because the brand has undeniably been a storming success…
Years ago I used to headline every Coach results story with words like “unstoppable” or “powering ahead”. But then came the inevitable reversal when profits fell off a cliff and it seemed the whole world was buying Michael Kors bags instead. So it’s good news that, after a bruising period, Coach appears to be back…
Sighs of relief all round on Tuesday at Coach Inc as it gears up for its 75th anniversary year. The American handbag maker finally managed to push its revenue upwards in Q2. It was the first time in 10 quarters (yes two-and-a-half-years) that it had achieved this feat and its shares soared as a result.
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