Content about Coach, Inc.

February 14, 2013
Coach CEO to step down in 2014; to be succeeded by head of international ops

Coach Inc. said that its longtime CEO, Lew Frankfort, will step down in January 2014.

New York -- Coach Inc. said that its longtime CEO, Lew Frankfort, will step down in January 2014. He will be succeeded by Victor Luis, head of Coach’s international operations, at which point Frankfort will become executive chairman. Coach named Luis president and chief commercial officer in the interim and said he will also join the board.
 

August 2, 2011
Coach posts 4% profit rise in Q4

Coach reported Tuesday that net income for the fourth quarter rose 4% to $202.5 million, compared with $195.5 million in the year-ago period.

New York City -- Coach reported Tuesday that net income for the fourth quarter rose 4% to $202.5 million, compared with $195.5 million in the year-ago period.

Revenue surged 9% to $1.03 billion, edging Wall Street estimates. Same-store sales rose 10.1% in North America.

Coach’s performance is in line with overall strength in the luxury category. During the recessionary onslaught, the company pushed sales of handbags priced under $300, but said its average retail price of handbags is now inching back up.

January 25, 2011
Coach beats Street as profit soars 26%

Coach reported Tuesday that net income for the quarter ended Jan. 1 rose a better-than-expected 26% to $303.4 million on strong sales, compared with $240.1 million in the year-ago period.

New York City -- Coach reported Tuesday that net income for the quarter ended Jan. 1 rose a better-than-expected 26% to $303.4 million on strong sales, compared with $240.1 million in the year-ago period.

The company credited a rebound in U.S. luxury spending, as well as soaring holiday sales in China for the strong performance.

Sales leaped 18.7% to $1.26 billion, boosted by a same-store sales increase of 12.6% in North America.

On average, Wall Street expected revenue of $1.21 billion.

October 5, 2010
Coach in license agreement with Luxottica

Coach and Luxottica Group S.p.A. announced the signing of a license agreement for the design,...

October 4, 2009
Coach sues Target over allegedly copied bags

Coach is suing Target Corp. over bags that the luxury handbag maker says too closely...

March 13, 2008
Correction: Coach Appoints New COO

A story posted Monday on www.chainstoreage.com and carried electronically in the CSA Weekly Newsletter incorrectly...

March 31, 2007
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RANDOM NOTES: High-end beauty marketer ...

August 23, 2005
Coach Profits Bigger Than Expected

Chicago, Coach Inc....