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The double whammy of a downgrade on Coach and a biting profit warning from British luxury player...

The double whammy of a downgrade on Coach and a biting profit warning from British luxury player Burberry (BURBY.PK)  is cutting a wide swath of selling in the sector. Though some of Burberry's struggles are pegged as "self-afflicted," the company's weakening sales in Europe and China has to be considered alarming for high-end sellers. Premarket: COH -3.4%, RL -2.7%, WRC -0.7%, KORS -1.2%,, TIF -2.5%.
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