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Coach, Inc. (COH)

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  • Nov. 2, 2012, 7:56 AM
    The recent mix of economic news and retail sales reports sets the table for a holiday retail season that will come in better than original forecasts, according to IHS Global Insight. What to watch: While Hurricane Sandy is only an "interruption" to retailers on a strong growth track and an "excuse" for underperformers, two potential drags on Q4 retail sales could be a fiscal cliff that doesn't get resolved or a national election that is in dispute.
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  • Nov. 2, 2012, 7:18 AM
    Coach (COH) wins a $257M default judgement against an outfit accused of running a counterfeiting operation of Coach merchandise. As part of the legal victory, the company was granted ownership of 573 Internet domain names used by the operation.
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  • Oct. 31, 2012, 10:04 AM
    Mall-based retailers and department stores are holding up relatively well in early trading after the effect of Hurricane Sandy was lined up as a major Q4 headwind. The trick now is to figure out which retail firms can recover lost sales. Two notables exceptions to the subdued trading pattern - J.C. Penney (JCP -4.8%) and Sears (SHLD -6.5%) - had a slightly higher percentage of stores in the path of Hurricane Sandy than the average in the sector.
  • Oct. 30, 2012, 10:02 AM
    Forecasts on the effect of Hurricane Sandy on retail sales still vary greatly, although the general consensus is that a short-term boost of emergency items will lift sales for select companies while the prolonged cleanup could dampen overall holiday sales. Analysts see the list of losers much longer than the list of winners as home repairs take up a great deal of discretionary spending. In a nutshell: Every retailer has a different Sandy-related thesis, with product and geographic mix essential to estimating Q4 numbers.
  • Oct. 26, 2012, 11:10 AM
    Though consumer sentiment rose to its highest level in five years, don't look for retailers to start adjusting guidance anytime soon. In an interview with CNBC yesterday, AutoNation CEO Mike Jackson gave a somewhat frank assessment of how many execs are looking toward Q4 by noting the fiscal cliff could create a standstill to spending over the last ten days of the year as the automatic cuts slated for January 1 loom larger. Even if a late deal is struck, Q4 sales could take a blow. (video)
  • Oct. 23, 2012, 12:45 PM
    Midday top 10 gainers: ANNB +48%. HLYS +22%. BSDM +21%. OSG +20%. COGO +13%. MNI +9%. ARMH +9%. MUSA +8%. VRNG +8%. COH +8%.
    Top 10 Losers: BCOM -13%. TDG -11%. LAWS -10%. VSCI -10%. MNST -10%. TROX -10%. HSTM -10%. ALV -10%. DVR -9%. PTNR -9%.
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  • Oct. 23, 2012, 9:10 AM
    Premarket gainers: ARMH +7%. COH +6%.
    Losers: RSH -14%. SVU -9%. WDC -8%. RF -8%. ALV -7%. DD -7%. GNTX -7%. NOK -7%. MT -5%.
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  • Oct. 23, 2012, 8:54 AM
    Tidbits from Coach's (COH) earnings conference call: Execs point to a new e-commerce channel in China as a potential revenue driver. A higher level of discounting doesn't appear to be on the table based on comments on current activity. Elevated expenses are tied in part to the company purchasing distributors in Malaysia and Korea. It's not all about China for Coach, the retailer will also focus on expanding in Europe, Latin America, other Asia/Pacific markets, and the Middle East. (webcast)
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  • Oct. 23, 2012, 7:29 AM
    Shares of Coach (COH) stir up a 3.3% gain premarket after the company's FQ1 report shows the China story for the retailer is still alive and kicking. Quick analyst reaction to the report focuses on the improved inventory vs. sales numbers and guidance that stayed positive.
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  • Oct. 23, 2012, 7:14 AM
    More on Coach's (COH) FQ1: Sales in North American sales up 8% to $784M on broad product growth. International sales roes 15% to $362M with demand in China a driving force. Authorizes a $1.5B stock repurchase program to be completed by June 30, 2015. (PR)
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  • Oct. 23, 2012, 7:01 AM
    Coach (COH): FQ1 EPS of $0.77 beats by $0.01. Revenue of $1.16B (+11% Y/Y) in-line. (PR)
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  • Oct. 23, 2012, 12:05 AM
    Notable earnings before Tuesday’s open: AKS, AME, ARMH, CIT, COH, DD, FMER, GNTX, HOG, ITW, LXK, MMM, NMM, NUS, PLD, RAI, RF, RSH, SNV, UPS, UTX, VMED, WHR, XRX
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  • Oct. 22, 2012, 5:30 PM
    Notable earnings before Tuesday’s open: AKS, AME, ARMH, CIT, COH, DD, FMER, GNTX, HOG, ITW, LXK, MMM, NMM, NUS, PLD, RAI, RF, RSH, SNV, UPS, UTX, VMED, WHR, XRX
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  • Oct. 22, 2012, 1:14 PM
    Retailers want to edge into the holiday shopping season as early as possible this year with most forecasts calling for steady - but not spectacular - spending numbers. Trends to watch: 1) Increased online couponing and promotional activity from fringe players. 2) Managing inventory should be easier with the season starting early and big data initiatives firing up which could help margins. 3) The calendar comes through for retailers with a lush 32-day window between Thanksgiving and Christmas extending the crucial part of the season.
  • Oct. 22, 2012, 9:46 AM
    Select high-end retail stocks get clipped after VFC Corp. comes in with tepid sales for Q3 and lukewarm guidance. The company's earnings CC sent a bit of a chill through traders about Europe's luxury consumers. Decliners: RL -2.4%, COH -2.7%, PVH -1.2%.
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  • Oct. 15, 2012, 8:54 AM
    Bain & Co. warns growth in the luxury market will slow to 5% this year with spending in China the biggest area of concern. Just last year, the sector was cruising along at a double-digit growth pace. The influence of Chinese consumers on the global luxury market continues to be dramatic with the nation now accounting for half of all luxury purchases in Asia and close to a third in Europe. On watch: RL, COH, KORS, GUCG.PK, WRC, TIF, LVMHF.PK.
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Company Description
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.