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Coach North American Market Suffered Fourth Quarter Earnings Decline
< p > at present, < a href= "http:// www.91se91.com/news/index_c.asp" > Coach < /a > is trying to expand from handbag manufacturing accessories manufacturers to brand enterprises ranging from clothing to shoes. < /p >
< p > because of the challenge from competitors MichaelKors and KateSpade, Coach has been adding new product categories, expanding its online sales volume, men's series and overseas markets. < /p >
< p > Monday, MichaelKors announced its fourth quarter earnings report. The report shows that although the price reduction will slow down its < a href= "http:// www.91se91.com/news/index_c.asp" > retail profit < /a >, but due to the strong development of retail, wholesale and brand licensing business, its fourth quarter profit will increase. < /p >
< p > in the fourth quarter of June 28th, Coach profits dropped to $75 million 300 thousand, or 27 cents per share, compared with $221 million 300 thousand or 78 cents per share in the same period last year. < /p >
< p > excluding special items, Coach < a href= "http:// www.91se91.com/news/index_c.asp" > profit < /a > from 89 cents per share to 59 cents per share. Sales fell by 7.1% to $1 billion 140 million, and sales dropped by 6%, excluding currency effects. < /p >
Analysts surveyed by P expect earnings per share to be 53 cents, with sales of $1 billion 90 million. < /p >
International sales of < p > Coach climbed 7% to 414 million US dollars, which is mainly driven by the Chinese region. Excluding currency effects, its international sales rose 9%. < /p >
Meanwhile, Coach sales in North America dropped by 16% to $691 million, P. < /p >
< p > related links: < /p >
< p > although China's textile industry has not been greatly improved, import demand for Chinese textile products has increased again since 2014, with the recovery of the EU, the US national textile industry and the economy. The two major traditional markets of the European Union and the United States have once again become the main growth point of China's exports. The share of exports to the US and Europe has risen from 32.8% last year to 34.3%, and the overall growth rate of exports has reached 15.4 percentage points. < /p >
< p > according to the latest customs data, exports to Europe are growing fastest. With the gradual recovery of the EU economy, China's export situation to the EU was good in the first half of this year, with a total export volume of US $26 billion 100 million, an increase of 18.5%. The EU has become the fastest growing main export market in China. < /p >
< p > textile exports to the EU increased by 13.4%, and clothing increased by 20.2%. Almost all of these commodities export achieved two digit growth. The total export volume of knitted and woven garments reached 3 billion 770 million pieces (sets), an increase of 17.3%, and the export average unit price increased by 3.7%. < /p >
< p > exports to the United States steadily increased. In the first half of 2014, China exported US $19 billion 450 million to the United States to achieve a steady growth of 6.9%. Among them, textiles grew by 5.7% and clothing increased by 7.4%. The total exports of knitted and woven garments in clothing were 2 billion 800 million pieces (sets), an increase of 2.8%, and the export unit price increased by 4.9%. < /p >
< p > because of the challenge from competitors MichaelKors and KateSpade, Coach has been adding new product categories, expanding its online sales volume, men's series and overseas markets. < /p >
< p > Monday, MichaelKors announced its fourth quarter earnings report. The report shows that although the price reduction will slow down its < a href= "http:// www.91se91.com/news/index_c.asp" > retail profit < /a >, but due to the strong development of retail, wholesale and brand licensing business, its fourth quarter profit will increase. < /p >
< p > in the fourth quarter of June 28th, Coach profits dropped to $75 million 300 thousand, or 27 cents per share, compared with $221 million 300 thousand or 78 cents per share in the same period last year. < /p >
< p > excluding special items, Coach < a href= "http:// www.91se91.com/news/index_c.asp" > profit < /a > from 89 cents per share to 59 cents per share. Sales fell by 7.1% to $1 billion 140 million, and sales dropped by 6%, excluding currency effects. < /p >
Analysts surveyed by P expect earnings per share to be 53 cents, with sales of $1 billion 90 million. < /p >
International sales of < p > Coach climbed 7% to 414 million US dollars, which is mainly driven by the Chinese region. Excluding currency effects, its international sales rose 9%. < /p >
Meanwhile, Coach sales in North America dropped by 16% to $691 million, P. < /p >
< p > related links: < /p >
< p > although China's textile industry has not been greatly improved, import demand for Chinese textile products has increased again since 2014, with the recovery of the EU, the US national textile industry and the economy. The two major traditional markets of the European Union and the United States have once again become the main growth point of China's exports. The share of exports to the US and Europe has risen from 32.8% last year to 34.3%, and the overall growth rate of exports has reached 15.4 percentage points. < /p >
< p > according to the latest customs data, exports to Europe are growing fastest. With the gradual recovery of the EU economy, China's export situation to the EU was good in the first half of this year, with a total export volume of US $26 billion 100 million, an increase of 18.5%. The EU has become the fastest growing main export market in China. < /p >
< p > textile exports to the EU increased by 13.4%, and clothing increased by 20.2%. Almost all of these commodities export achieved two digit growth. The total export volume of knitted and woven garments reached 3 billion 770 million pieces (sets), an increase of 17.3%, and the export average unit price increased by 3.7%. < /p >
< p > exports to the United States steadily increased. In the first half of 2014, China exported US $19 billion 450 million to the United States to achieve a steady growth of 6.9%. Among them, textiles grew by 5.7% and clothing increased by 7.4%. The total exports of knitted and woven garments in clothing were 2 billion 800 million pieces (sets), an increase of 2.8%, and the export unit price increased by 4.9%. < /p >
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