Coach's domestic growth engine out of steam: Goldman

|By:, SA News Editor

Goldman's Lindsay Drucker Mann reiterates a Sell rating on shares of Coach (COH) following the company's FQ4 results.

Negative comps and market share declines in women's hand bags are a bad sign Drucker Mann notes, adding that COH's "focus on growing new categories like footwear and apparel will stretch the brand and organizational focus."

The bottom line: "Domestic growth is running out of steam."