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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