Coach, Inc, Shares Fell 7% And Continued To Fall.

Coach, Inc Cox Chi Share prices fell nearly 7%, and continued to fall.

In the two quarter, Coach, Inc., sales in China also grew by only 25%, much lower than 35% in the first quarter. VictorLuis, the newly appointed chief executive, said the two quarter continued to be disappointing, mainly due to a sharp decline in store traffic and a restriction on the sale of e-commerce in factory stores.

Coach, Inc., the two quarter operating profit of $436 million, a sharp decline of 17.3% compared with the same period last year, 17.3%, operating profit margins fell 430 basis points to 30.7%; gross profit of 983 million U. S. dollars, compared with the same period last year 1 billion 90 million U. S. dollar fell 9.8%, gross profit margin also dropped by 300 points to 69.2%.

In the two quarter, sales of Coach, Inc., North America declined by 9% to $983 million, compared with $1 billion 80 million in the same period last year, while sales in the same store dropped 13.6%. International sales increased by 2% to 425 million dollars, compared with 418 million dollars in the same period last year, mainly benefiting from the 25% growth in the Chinese market, and the sales in the Japanese market dropped by 21%, mainly due to the weakness of the yen. exchange rate The Japanese market dropped slightly by 2%. Coach, Inc. Cox expects China's annual sales to reach US $530 million.

As of the first half of December 28, 2013, Coach, Inc. Cox net sold $2 billion 570 million, down 4% from $2 billion 670 million a year ago; net profit of $515 million, down 10.3% from $574 million a year ago; earnings per share declined to $1.82 from $2 in the same period last year, or 9%.

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According to US media January 21st, the famous brand Coach has always been right. Imitation Take a "zero tolerance" attitude. A few days ago, the anti counterfeiting lawsuits in the market of Florida's barter and Sao Sao were finally settled, and finally the amount of compensation was 5 million 500 thousand dollars.

Since the establishment of the national anti counterfeiting organization, coco has been fighting against counterfeit products. This time, Cox Chi also aims to convey that the counterfeit industry is mainly condemned by law rather than by websites or producers. "This is a long and hard struggle," said Nancy Axilrod, a legal adviser to Cox. "Before that, the defendant either ignored us or gave absurd reasons. I'm glad we finally won the lawsuit, which is the most proud of us. "