Thursday, 22 April 2010

Coach’s Third Quarter Profits Rose 37 Percent – 22/4/10

Following the news on their expansion in France (see yesterday’s MO Down), Coach has announced a better-than-expected increase for their fiscal third-quarter profit.

According to Business Week, this sales increase was linked to their move to reduce their handbag prices, offering most styles under $US 300.00 - making Coach, in our eyes, a successful masstige brand.

Image courtesy of Coach’s official website.

Who's behind the MO DOWN

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,