Weak sales report from Coach could rattle luxury sector

|By:, SA News Editor

The luxury sector could see some pressure after Coach saw its comparable-store sales in North America plummet in North America during FQ3.

Though Coach lost market share to rivals during the period with its brand not quite as strong, the weak sales report could also tip off some underling demand issues in the sector for key categories.

On watch: Tiffany (TIF), Ralph Lauren (RL), Michael Kors (KORS), Kate Spade (KATE)