Thursday, May 4, 2017

Fewer discounts, luxury-handbag demand drive Coach profit

Image result for coachCoach Inc reported a higher-than-expected quarterly profit, as the handbag maker cut back on discounting in the United States and sold more expensive bags, sending its shares up 11.4 percent.

After years of lackluster sales, Coach, like other affordable luxury brands including Michael Kors Holdings Inc , is trying to turnaround its business.. . . more

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