Coach profit surges in Q1
Nov 03, 2016 | From: Haimi,Z | Gategory: Retail Market | View:115
Luxury handbag and accessories brand Coach posted a 22% increase in profit for the first quarter, a result that one analyst said show the company’s turnaround is delivering. Profit totaled $117.4 million in the quarter, or 42 cents per diluted share. Adjusted net income for the quarter totaled $126 million, or 45 cents per diluted share, slightly ahead of forecasts. Reve...
Aeropostale has potential to become a 500-store chain—again
Oct 31, 2016 | From: Haimi,Z | Gategory: Retail Market | View:110
A big mall developer thinks Aerospostale still has plenty of life left in it. Simon Property Group, along with General Growth Properties and several other companies, bought the failing chain out of bankruptcy in September. Speaking to a group of investors last week, CEO David Simon expressed confidence in Aeropostale’s ability to regain momentum. “Right now we’re look...