29 Jan '15, 1pm

UPDATE 1-Handbag maker Coach's profit beats as N America demand improves

(Adds details, analyst estimates, background, shares) Jan 29 (Reuters) - Coach Inc posted a better-than-expected profit for the second quarter as demand for its Poppy handbags improved in North America, its biggest market, from the first quarter and sales rose in China, a key market. The company's shares rose 4.5 percent in premarket trading. Coach has been shifting focus to markets such as Asia and Europe as it loses customers in North America to fast-growing rivals Michael Kors Holdings Ltd and Kate Spade & Co . Coach said this month that it would buy women's luxury footwear company Stuart Weitzman Holdings LLC, as it looks to better compete in the affordable luxury market. Coach, founded in 1941 in a Manhattan loft, has been offering discounts on its handbags, shoes and apparel to attract shoppers in North America. Sales in China rose 13 percent and overall internationa...

Full article: http://www.reuters.com/article/2015/01/29/coach-results-i...

Tweets

Handbag sales prompt Coach, Kate Spade to rein ...

reuters.com 29 Jan '15, 6pm

(Corrects syntax in first paragraph) By Devika Krishna Kumar Jan 29 (Reuters) - Holiday-season splurging on handbags has g...