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Confident Coach Initiates Dividend, Targets China
(Source: LuxuryBrandNetwork.com)
Coach Chairman and CEO Lew Frankfort expressed confidence in the company by declaring a cash dividend and continued expansion plans. "With a business model that generates significant cash flow and with virtually no debt," said Frankfort, "we are in a position to take advantage of profitable growth opportunities, while continuing to return capital to shareholders." . . . keep reading
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Coach Refuses to Discount, to Halve Store Growth
Despite slight drops in revenue and earnings, Coach is maintaining strict brand discipline. Despite a "heavily promotional atmosphere," CEO Lew Frankfort said the company held true to its brand integrity and "full-priced proposition by not discounting." . . . keep reading
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Luxury Outlook: EXCLUSIVE ANALYSIS
(Source: LuxuryBrandNetwork.com)
Luxury CEOs say the outlook for the fourth quarter and into 2009 is deteriorating rapidly. Even the most optimistic--including LVMH, Coach and Burberry--see growth rates slowing. Current coverage includes: Bulgari, Tifffany, Burberry, Coach, LVMH, Hermès, Williams-Sonoma, Liz Claiborne, Hugo Boss, Tod's Group, Ann Taylor and Nordstrom. . . . keep reading
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Chinese Luxury Shoppers Evolving
(Source: ShanghaiDaily.com)
Interviewing managers for Coach and Mulberry in China, Shanghai Daily reports that Chinese luxury consumers are maturing. In the past, they were satisfied with prominent logos, but now . . . keep reading
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