Content about Coach

April 9, 2014

Coach announced that it has retained Studio Sofield, led by designer and president William Sofield, as creative advisor in the development of the company's next generation retail concept.

Hong Kong -- Coach announced that it has retained Studio Sofield, led by designer and president William Sofield, as creative advisor in the development of the company's next generation retail concept.

The new concept will be unveiled in fall 2014, with the company's 4,000-sq.-ft. flagship in Beverly Hills, Calif., followed by the Coach store at the Time Warner Center in New York City (5,335 sq. ft.).

April 9, 2014

Coach announced that it has retained Studio Sofield, led by designer and president William Sofield, as creative advisor in the development of the company's next generation retail concept.

Hong Kong -- Coach announced that it has retained Studio Sofield, led by designer and president William Sofield, as creative advisor in the development of the company's next generation retail concept.

The new concept will be unveiled in fall 2014, with the company's 4,000-sq.-ft. flagship in Beverly Hills, Calif., followed by the Coach store at the Time Warner Center in New York City (5,335 sq. ft.).

March 4, 2014

Throughout the spring and summer, Glendale Galleria will open nine new stores and eateries including Armani Jeans, Blaze Pizza, Brighton Collectibles, Chipotle, Coach, Earthbar, Lolli & Pops and Zumiez.

Glendale, Calif. — Throughout the spring and summer, Glendale Galleria will open nine new stores and eateries including Armani Jeans, Blaze Pizza, Brighton Collectibles, Chipotle, Coach, Earthbar, Lolli & Pops and Zumiez.

They will join La Baugette, another newcomer, which opened its Glendale Galleria location back in February.

January 22, 2014

Coach Inc.'s net income dropped to $297.4 million in the second quarter, from $352.8 million a year earlier sales in North America fell sharply during the key holiday season.

New York -- Coach Inc.'s net income dropped to $297.4 million in the second quarter, from $352.8 million a year earlier sales in North America fell sharply during the key holiday season.

Overall revenue for the three months ended Dec. 28 fell 5.6% to $1.42 billion, with a 13.6% decrease in comparable-store sales in North America.

October 22, 2013

Coach reported a decline in first-quarter profit amid declining North America sales.

New York -- Coach reported a decline in first-quarter profit amid declining North America sales. The company had net income of $217.88 million, down from $221.38 million in the previous year.
 
Net sales for the quarter fell 1% to $1.15 billion from $1.16 billion a year ago, below analysts' estimate of $1.19 billion.

October 22, 2013

Coach reported a decline in first-quarter profit amid declining North America sales.

New York -- Coach reported a decline in first-quarter profit amid declining North America sales. The company had net income of $217.88 million, down from $221.38 million in the previous year.
 
Net sales for the quarter fell 1% to $1.15 billion from $1.16 billion a year ago, below analysts' estimate of $1.19 billion.

September 3, 2013

Recreational Equipment (REI) named Jerry Stritzke as the company's president and CEO, effective Oct. 1, following an extensive national search. Stritzke most recently served as president and COO for Coach, which announced his resignation, effective Sept. 2.

Seattle -- Recreational Equipment (REI) named Jerry Stritzke as the company's president and CEO, effective Oct. 1, following an extensive national search. Stritzke most recently served as president and COO for Coach, which announced his resignation, effective Sept. 2.

July 30, 2013

Coach Inc. on Tuesday reported a 12% drop in net income in its fourth quarter amid weaker same-store sales in North America, and also said it would sell its Reed Krakoff business to a group led by Reed Krakoff, who will depart the company as executive creative director when the deal is completed.

New York -- Coach Inc. on Tuesday reported a 12% drop in net income in its fourth quarter amid weaker same-store sales in North America, and also said it would sell its Reed Krakoff business to a group led by Reed Krakoff, who will depart the company as executive creative director when the deal is completed.

April 29, 2013

When describing Destiny USA – the 2.4 million-sq.-ft. dining, entertainment, shopping and outlet megaplex in Syracuse, N.Y. – it’s a toss-up whether to emphasize the offerings and amenities, or highlight the project’s own brand of environmental consciousness.

When describing Destiny USA – the 2.4 million-sq.-ft. dining, entertainment, shopping and outlet megaplex in Syracuse, N.Y. – it’s a toss-up whether to emphasize the offerings and amenities, or highlight the project’s own brand of environmental consciousness.

April 23, 2013
Coach reported that its net income for three-month period ending on March 30 rose 6.2% to $238.9 million amid strong sales in North America, beating analysts’ expectations.

New York -- Coach on Tuesday reported that its net income for three-month period ending on March 30 rose 6.2% to $238.9 million amid strong sales in North America, beating analysts’ expectations. The company also disclosed that its longtime president and executive creative director, Reed Krakoff, will step down when his contract expires next year in order to focus on his own namesake brand, which is owned by Coach. Coach said it is already looking for a successor.

April 23, 2013
Coach reported that its net income for three-month period ending on March 30 rose 6.2% to $238.9 million amid strong sales in North America, beating analysts’ expectations.

New York -- Coach on Tuesday reported that its net income for three-month period ending on March 30 rose 6.2% to $238.9 million amid strong sales in North America, beating analysts’ expectations. The company also disclosed that its longtime president and executive creative director, Reed Krakoff, will step down when his contract expires next year in order to focus on his own namesake brand, which is owned by Coach. Coach said it is already looking for a successor.

April 16, 2013

EWB Development announced the appointment of Daniel J. Cochran as a new partner and the head of the new Tenant Representation division at EWB.

Essex, Vt. -- EWB Development announced the appointment of Daniel J. Cochran as a new partner and the head of the new Tenant Representation division at EWB.

Cochran’s 25-year retail and outlet background includes Phillips Van Heusen – where he was SVP of real estate and legal – and Coach, where he served as SVP of real estate and construction.

February 14, 2013

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.
 

January 17, 2013

Luxury shoppers are more likely to use mobile channels when shopping but are slightly less satisfied with e-commerce overall, according to the Luxury E-Retail Satisfaction Index released by customer experience analytics firm ForeSee.

Ann Arbor, Mich. -- Luxury shoppers are more likely to use mobile channels when shopping but are slightly less satisfied with e-commerce overall, according to the Luxury E-Retail Satisfaction Index released by customer experience analytics firm ForeSee. Luxury brands have an aggregate score of 77 on the study's 100-point scale, falling just short of the average score of the top 100 online retailers overall (78).

October 23, 2012

Coach Inc. reported that profit for the quarter ended Sept. 29 rose 3% to $221.4 million, compared with $215 million for the same period last year and beating Wall Street expectations.

New York -- Coach Inc. reported Tuesday that profit for the quarter ended Sept. 29 rose 3% to $221.4 million, compared with $215 million for the same period last year and beating Wall Street expectations.

Sales surged 11% to $1.16 billion, in line with forecasts, and same-store sales in North America rose 11%, bolstering the luxury retailer’s results for the quarter. In China, same-store sales also rose by double-digits.

September 12, 2012

The Jones Group Inc. said it has appointed Kathy Nedorostek to the newly created position of group president, global footwear and accessories, effective mid-October.

New York -- The Jones Group Inc. said Wednesday it has appointed Kathy Nedorostek to the newly created position of group president, global footwear and accessories, effective mid-October.  

In her new position, Nedorostek will oversee footwear, handbags and jewelry for Jones Group.

Nedorostek arrives at Jones Group from Coach, where she was president of North America Wholesale and Global Licensing.

July 31, 2012

Coach Inc. reported that net income for the quarter ended June 30 rose 24% to $251.4 million, from $202.5 million in the same period last year, topping Wall Street projections.

New York -- Coach Inc. reported Tuesday that net income for the quarter ended June 30 rose 24% to $251.4 million, from $202.5 million in the same period last year, topping Wall Street projections.

The company’s revenue in the quarter rose 12% to $1.16 billion, below analysts’ expectations of $1.2 billion. Slowing growth at the company’s factory-outlet stores impacted sales. Coach reinstated coupons at its factory stores late in the quarter amid increasing discounting among retailers.

June 6, 2012

J.C. Penney has angered a conservative group with a Father's Day ad that features a gay couple and their two young children.

New York -- J.C. Penney has angered a conservative group with a Father's Day ad that features a gay couple and their two young children. The print ad shows the two men playing with their 3-year-olds and reads, "First Pals - What makes Dad so cool? He's the swim coach, tent maker, best friend, bike fixer and hug giver - all rolled into one. Or two.” It is part of a spread in Penney’s June catalog, mailed out this week.

April 24, 2012

Coach Inc. posted a higher-than-expected quarterly profit, benefiting from strong sales and improved margins.

New York -- Coach Inc. posted a higher-than-expected quarterly profit on Tuesday, benefiting from strong sales and improved margins. The company also announced that its board of directors has voted to increase its cash dividend by 33%.

Net income for the third quarter ended on March 31 was a better-than-expected $225 million compared with $186 million a share, a year earlier.

Revenue rose 16.6% to $1.11 billion, just above analysts’ expectations. Same-store sales in the United States rose 6.7%.

April 16, 2012

While there still is not enough new shopping center construction to warrant a “Fastest-Growing Developers” ranking system — as Chain Store Age provided for 20 consecutive years, from 1989 to 2008 — progress continues to be made.

February 16, 2012

Cleveland-based Forest City Enterprises announced that four new upscale women’s retailers have joined the company’s Charleston Town Center property, located in Charleston, W.Va.

Charleston, W.Va. -- Cleveland-based Forest City Enterprises announced that four new upscale women’s retailers have joined the company’s Charleston Town Center property, located in Charleston, W.Va.

White House | Black Market, Coach, Sephora and Francesca’s Collections will open spring 2012. The center will undergo an expansive renovation, incorporating aesthetic updates to both the interior and exterior of the property.

January 24, 2012

Coach Inc. reported that net earnings for the quarter ended Dec. 31 rose 15% to $347.5 million, compared with $303.4 million in the year-ago period.

New York City -- Coach Inc. reported Tuesday that net earnings for the quarter ended Dec. 31 rose 15% to $347.5 million, compared with $303.4 million in the year-ago period.

Sales increased 15% to $1.45 billion, beating Wall Street’s expected $1.43 billion in revenue.

Same-store sales rose 8.8% in North America.

"We've experienced strong response to our new collections and our pricing and assortment strategy continue to resonate with consumers world-wide," Coach CEO Lew Frankfort said on a conference call.

January 19, 2012

Walgreens has transformed 68 locations in the Indianapolis market into health and daily living destinations.

Deerfield, Ill. — Walgreens has transformed 68 locations in the Indianapolis market into health and daily living destinations.

The drug store chain hosted a ribbon-cutting ceremony Thursday at a store located on 16th and Meridian in Indianapolis. On hand at the ceremony were Walgreens president and CEO Greg Wasson, former Indianpolis Colts coach Tony Dungy and Sen. Richard Lugar, R-Ind.

The stores are part of Walgreens' pilot program that launched last year in Chicago.

October 25, 2011

Coach said Tuesday its first quarter profit increased 14% on strong demand for its products at home and abroad.

New York City -- Coach said Tuesday its first quarter profit increased 14% on strong demand for its products at home and abroad. Its results beat expectations and reflected the continuing strength of the luxury market.

Coach reported net income of $215 million for the three months ended Oct. 1, up from $188.9 million in the year-age period.

Revenue rose 15% to $1.05 billion, from $912 million a year ago. Same-store sales were up 9.2% in North America.

October 25, 2011

Coach said Tuesday its first quarter profit increased 14% on strong demand for its products at home and abroad.

New York City -- Coach said Tuesday its first quarter profit increased 14% on strong demand for its products at home and abroad. Its results beat expectations and reflected the continuing strength of the luxury market.

Coach reported net income of $215 million for the three months ended Oct. 1, up from $188.9 million in the year-age period.

Revenue rose 15% to $1.05 billion, from $912 million a year ago. Same-store sales were up 9.2% in North America.