Fri, May 15, 7:51 AM
Wed, May 13, 10:15 AM
- Weak guidance issued from Ralph Lauren (RL -2.2%) is having a ripple effect on some high-end retail stocks.
- Issues with merchandising, F/X pressure, and lower demand from international tourism pestered Ralph Lauren in Q1 and could continue to be a theme looking forward.
- Previously: Polo Ralph Lauren beats by $0.09, beats on revenue (May. 13 2015)
- Previously: More on Ralph Lauren's FQ4 (May. 13 2015)
- Michael Kors (KORS -1.3%), Coach (COH -0.4%), Movado (MOV -0.5%), Fossil (FOSL -1.7%), and Vera Bradley (VRA -0.3%) are all lower than market averages.
Fri, May 8, 9:29 AM| Comment!
Tue, Apr. 28, 9:12 AM
Tue, Apr. 28, 7:16 AM
- Coach (NYSE:COH) reports it lost 3% of sales growth in FQ3 due to the impact of foreign exchange swings.
- North American sales fell 24% Y/Y to $493M, while international sales were down 3% to $428M.
- Gross profit rate +50 bps to 71.6%.
- SG&A expense rate +860 bps to 55.8%.
- Store count changes (Q/Q): North America -54 to 478, Japan -2 to 198, China +4 to 161, Asia - Other +4 to 101, Europe flat at 31.
- COH -5.5% premarket.
Tue, Apr. 28, 7:06 AM
Mon, Apr. 27, 5:30 PM
- AET, AGCO, AIXG, AKS, ALLY, AMG, AUDC, AUO, AXE, BMY, BP, BSX, CARB, CAS, CBR, CIT, CMI, CNC, CNX, COH, CPLA, CRY, DFRG, DORM, ECL, ENTG, ETR, F, FBC, FDP, FLWS, FMER, GAS, GLW, GPI, HMC, HSP, ICLR, IDXX, IIVI, IPGP, IPI, JBLU, JEC, LRN, LXK, MAS, MDXG, MHFI, MRGE, MRK, NCI, NEO, NOV, OFC, OSK, PAG, PFE, PH, PHG, POR, SALT, SC, SIR, SIRI, ST, SVU, TMUS, TXT, UBSI, UPS, UTHR, VDSI, VLO, WAT, WDR, WHR, WWW, WYN, XRS, YNDX
Mon, Apr. 20, 12:10 PM
- Research firm Global Blue says Chinese tourists increased their luxury spending by 67% in Q1.
- High-end retailers with stores in Europe received a good portion of the sales after a weak euro attracted tourists to buy in the region over Hong Kong.
- Last year, Chinese tourists increased spending by 18%.
- A reselling trend in China has accounted for some of the brisk growth, while also pressuring prices for luxury brands in China.
- Luxury retailers: Gucci (OTC:PPRUF, OTCPK:PPRUY), Louis Vuitton (OTCPK:LVMUY), Coach (NYSE:COH), Ralph Lauren (NYSE:RL), Michael Kors (NYSE:KORS), Burberry (OTCPK:BURBY), Tiffany (NYSE:TIF), LVMH (OTCPK:LVMHF, OTCPK:LVMUY), Richemont (OTCPK:CFRUY, OTCPK:CFRHF), Remy Cointreau (OTCPK:REMYF, OTCPK:REMYY)
Thu, Apr. 16, 6:54 AM
- Barclays upgrades Coach (NYSE:COH) to an Overweight rating from its previous perch of Equal-weight.
- The investment firm raises its price target on the luxury stock to $50 from $38.
- Analyst Joan Payson sees signs a Coach turnaround is in progress.
- Coach starts to lap easier comparable-store sales figures next quarter.
- COH +0.72% premarket to 42.06.
Tue, Apr. 14, 7:15 PM
- Goldman Sachs offers three criteria on how to pick stocks to short: Look for individual stocks with high valuations that have a tendency to underperform; take hints from mutual funds as they do a good job of selecting shorts; and look for stocks that are likely to move on company-specific factors and are less prone to moving with general market and sector trends.
- Among the overvalued stocks Goldman thinks could drop are CELG, ORLY and RHT; stocks underweight by mutual funds that could fall are HST, CTL and EQR; and likely to deviate from the broad market and their sectors are KLAC, JEC and COH.
- Rounding out Goldman's 19 stock recommendations that could reward short sellers: ARG, DO, DISCA, FLS, KSS, MOS, NDAQ, NVDA, TDC, WU.
Tue, Apr. 14, 7:51 AM
- Luxury spending in Europe appears to be on the rise, notes retail watcher Rahul Sharma.
- The analyst notes Audi, BMW, and Mercedes-Benz all posted March sales records.
- Yesterday, LVMH (OTCPK:LVMHF, OTCPK:LVMUY) reported sales increased 16% to €8.3B $8.8B (+3% ex-currency) in Q1 off of a tough comparable period. Sales for the selective retailing category were up 20% Y/Y.
- The trend could set up well for Tiffany (NYSE:TIF), Ralph Lauren (NYSE:RL), Coach (NYSE:COH), Michael Kors (NYSE:KORS), Hermes (OTCPK:HESAF, OTCPK:HESAY), and Richemont (OTCPK:CFRUY, OTCPK:CFRHF) which have suffered a bit with Chinese tourism to Europe down.
Tue, Mar. 31, 9:59 AM
- A better-than-expected report from Movado is giving a lift to some luxury peers.
- Fossil (FOSL +1%), Coach (COH +0.5%), and Kate Spade (KATE +0.2%) are all higher on a down day in the markets.
- Movado was able to take some measures to mitigate the impact of F/X swings.
- Previously: Movado rips 8% gain after guidance pleases
Thu, Mar. 19, 8:01 AM
- Chanel and Tag Heuer (OTCPK:LVMHF) have lowered prices in China due in part to the weakened state of the euro.
- Some of the price cuts are being seen in other Asia countries as well.
- The pricing power of luxury brands in China is expected to remain under pressure, although not all companies are expected to follow the lead of Chanel and Tag Heuer with price cuts not in their DNA.
- A Bloomberg TV report showed very long lines at Chanel stores today.
- China luxury sellers: Gucci (OTC:PPRUF, OTCPK:PPRUY), Prada, Louis Vuitton (OTCPK:LVMUY), Coach (NYSE:COH), Ralph Lauren (NYSE:RL), Michael Kors (NYSE:KORS), Swatch (OTCPK:SWGAY), Burberry (OTCPK:BURBY), Tiffany (NYSE:TIF).
Thu, Mar. 5, 11:28 AM
- Shares of Coach ((NYSE:COH) +2.8%) move up after JPMorgan issues positive comments on the company following a meeting with top Coach execs.
- Some snippets from the note are below.
- "Traffic encouraging and conversion the next leg."
- "Committed to 20-25% EBIT margin by FY17."
- "While COH has bounced off the bottom (+25% vs. SPX +4% since mid-December), the stock remains a multi-year underperformer."
- JP reiterates its Overweight rating and $47 price target on Coach.
Wed, Mar. 4, 1:39 PM| 1 Comment
Wed, Mar. 4, 7:31 AM
- Luxury sales in Macau were off 20% to 30% for the Chinese New Year holiday period, according to local reports.
- The slide in luxury sales is tied to a crackdown by the Chinese government on corruption which cut into VIP traffic into the gaming mecca.
- The read on Macau doesn't bode well for luxury sales in Hong Kong during Chinese New Year. Sales in Hong Kong were already a concern due to the political unrest in the region.
- Related: Chinese New Year no cure for Macau gaming slide (Mar. 03 2015)
- China luxury sellers: Gucci (OTC:GUCG), Prada, Louis Vuitton (OTCPK:LVMUY), Coach (NYSE:COH), Ralph Lauren (NYSE:RL), Michael Kors (NYSE:KORS), Swatch (OTCPK:SWGAY), Burberry (OTCPK:BURBY), Tiffany (NYSE:TIF).
COH vs. ETF Alternatives
Coach Inc is a New York design house of modern luxury accessories and lifestyle collections. Its product offerings include women's and men's bags, accessories, business cases, footwear, wearables, jewelry, sunwear, travel bags, watches and fragrance.
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