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Coach Earnings Review And What Lies In Store

Luxury fashion accessories retailer Coach (NYSE: [[COH]]) recently reported its earnings for the second quarter of its fiscal year 2015. The company begins its fiscal year in June. The company's performance for the quarter remained disappointing as both revenues and earnings showed year on year declines. The company's North American business which accounts for a huge proportion of revenues suffered owing to fierce competition and as a result dragged down the overall growth of the company. A bright spot for the company came in the shape of better than expected earnings but overall performance was still disappointing. Coach's shares have also been performing poorly over the course of the previous year. The company's share prices fell over 50% from $56 at the beginning of 2014 to $37 towards the end. Investor confidence declined owing to the fierce competition faced by the company from the likes of Kate Spade (NYSE: [[KATE]]),… Read More …