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Coach Reports 34% Surge in Q1 Profits

In Reports, What's New by Accessories Staff

New York—Coach reported today a 34% increase in first-quarter profit after luring more shoppers with collections that hit more moderate pricepoints. Net income rose to $188.9 million or 63 cents a share, far exceeding the 55-cent average estimates that retail analysts forecast. Sales gained 20% to $911.7 million, again topping …

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Coach Sues Dallas Retailer Over Alleged Fakes

In What's New, Industry News by Accessories Staff

Dallas–Coach Inc. is suing Sam Moon Trading Co., saying the Dallas-based fashion accessories retailer prominently displays and sells counterfeit Coach handbags and wallets in its stores. The lawsuit, filed last week in U.S. District Court in Dallas, claims the sale of the handbags dilutes Coach’s trademark. Investigators purchased four handbags at Sam Moon stores …