Coach’s growth in China surges 25 percent
Coach Inc, the New Yorkbased fashion brand, experienced a 25 percent year-onyear sales growth in China in the second fiscal quarter that ended on Dec 28, while sales in North America decreased by 9 percent.
The brand’s total sales were $ 1.42 billion, a 6 percent decrease compared with the same period in 2012, according to Coach’s earning report..
For the six months that ended on Dec 28, Coach’s net sales were $2.57 billion, 4 percent down compared with the first six months of fiscal 2013, according to the report.
The sales drop was attributed to weakness in the North American market. (Photo 1)