Thursday 30 July 2009

Is Coach Running Out Of Steam? – 30/7/09

Accessories brand Coach is having a hard time this week. Their share price has fallen and their fourth-quarter profit plunged 32 percent from last year.


A Forbes article revealed that Coach shares fell $1.74, or 6.2 percent, in morning trade on Tuesday. The stock was also downgraded to a "Hold" from a previous "Buy" rating on Tuesday morning by analysts at Lazard Capital Markets.


Forbes also states that Coach’s 32 percent profit drop occurred even though their sales revenue remained almost unchanged from last year. The article also implies that Coach is still ‘coaching along’ with their expansion plans, with growth in China and 20 new stores in America on the agenda for 2010. This is definitely a brand to watch …

Posted by MO at 8:38 am
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Melinda O’Rourke is the founder and Director of MO Luxury, a dynamic, Sydney-based management firm specialising in luxury brands and services. Melinda and her associates at MO work with local and international brands across prestige retail, fashion, fine jewellery, timepieces and specialised services. Melinda is well-connected, well-read, and well-versed in the demands of the luxury market and its client base. Her advice is firmly based in objectivity and ultimately, accountability. Melinda offers constructive counsel and both strategic and creative thinking and is able to draw upon a strong network of specialised talent to compliment the MO Luxury team as needed. Melinda enjoys excellent industry relationships and is regularly quoted in the business and fashion media. Read more about MO Luxury, www.moluxury.com.au