Coach, Inc. is an American luxury leather goods company that got its start manufacturing small leather goods. Coach is known for ladies’ handbags as well as items such as luggage, briefcases, wallets and other accessories.
Shares of Coach Incorporated (COH) have gone nowhere over the last several years and sentiment seems about as low as it can go. International growth has not yet offset large declines in North American sales and competitors have continuously taken market share. A resilient brand for aspirational-consumers and a refocused strategy should drive an eventual turnaround. Robust free cash flow and a strong history of returning cash to shareholders means investors do not have to time the stock perfectly. A possible dividend increase and share buyback program over the next few months should support total returns until a turnaround can be orchestrated.
Coach, Inc. (Coach), is a marketer of fine accessories and gifts for women and men. Coach’s product offerings include women’s and men’s bag, accessories, business cases, footwear, wearables, jewelry, sunwear, travel bags, watches and fragrance. The Company operates in two segments: Direct-to-Consumer and Indirect. Accessories include women’s and men’s small leather goods, novelty accessories and women’s and men’s belts. Women’s small leather goods, which coordinate with its handbags, include money pieces, wristlets, and cosmetic cases. Men’s small leather goods consist primarily of wallets and card cases. Novelty accessories include time management and electronic accessories. Key rings and charms are also included in this category. Men’s handbag collections include business cases, computer bags, messenger-style bags and totes. Footwear is distributed through select Coach retail stores, coach.com and about 1,000 United States department stores.
The lifestyle brand plans to reveal its fall 2014 line with a series of presentations beginning on February 6 and running through February 10, WWD reported.
The appointment-only presentation will take place at an unnamed soundstage on New York City’s Upper West Side and will consist of an installation of handbags, shoes and more. Models will also show off the label’s ready-to-wear offering.
This season is Stuart Vevers first attempt at designing for the label since his executive creative director appointment last October. The designer will be at every appointment in order to walk groups of about 30 people through his new vision.
He invited about 400 to 500 guests to view the collection, including national and international press, as well as friends of the house.