Coach Stock Falls On Slower Store Traffic
I penned this article for FashionInvestor.com this afternoon:
“Longtime American fashion stalwart Coach (NYSE: COH) is down some 12% right now, about an hour before the end of trading, as the company reported slower store traffic in its US retail stores. Could this be a sign that Coach goods aren’t keeping up with the marketplace? Is Coach, as a brand, losing its cachet? What do you think?”
Edit: Fashion Analyst TalentedBlonde seems to agree with me: “Look, Coach (COH) is dead. Masstige is getting its A$$ kicked, so go uber-luxe.” She recommends Burberry and JCrew. Link
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