Ripping Apart Coach's Bad Quarter
I normally don't cut and paste press release text, but want to make an exception to that rule with Coach's (COH) quarter.
"During the holiday quarter we drove modest growth and continued to gain overall traction on our key strategies. We posted strong international results, leveraged the Men's opportunity globally and strengthened our digital capabilities. However, we were disappointed by our performance in North America, where the holiday season proved challenging. Most broadly, the consumer was impacted by a muted macroeconomic environment, while in the Women's handbag category competition intensified and promotional activity increased. Importantly, we maintained our pricing strategies despite the retail climate, protecting our brand proposition."...776 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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