Coach slumps in North America in Q1

|By:, SA News Editor

Coach (COH) reports sales in North America fell 18% to $648M in FQ3.

Comparable store sales fell 21% in the region as traffic declined sharply and the company cut back on online access to its factory flash site.

Operating margin fell 540 bps to 23.9% due to the volume decline.

COH -4.8% AH