Wednesday, 4 August 2010

Coach To Reveal Fiscal Fourth Quarter Results - 04/08/10

Coach could help reveal that the economy is finally recovering, when the company reports fiscal fourth quarter results before the market opens up early next week. Income has risen to 34.1 percent, while sales climbed 22.2 percent. Coach have also been looking to new areas to increase sales opportunities, including a new target towards the male market.

For the coming fourth quarter, the brand seem to have estimated that consumers will be buying more lavish luxury goods like handbags, with the possibility of the brand increasing some prices in this area, after prices were lowered during the recession. Whilst we have to wait to see whether consumers will be buying into the higher end handbags that Coach are offering, Analysts polled by Thomson Reuters ‘expect earnings of 56 cents per share on revenue of $889.2 million’, for the fourth quarter. Will handbags save the day? We wait and see..

Image credit: coach.com

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Posted by MO at 5:59 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