Early Warning Sales Continued To Shrink Coach Coach North America Ended 70 Stores

< p > > a href= "//www.sjfzxm.com/news/index_p.asp" > US < /a > the largest luxury handbag manufacturer Coach Inc. (NYSE:COH) Coach warned today in the financial analysts and investor day activities that sales in North America will continue to shrink significantly in the 2015 fiscal year ended June 2015, and announced plans to close 70 North American stores.

The profit plunged Coach Inc. (NYSE:COH) shares to a maximum of 11% on Thursday, the biggest one-day decline in 17 months.

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< p > Coach Inc. (NYSE:COH) Coach said that in the 15 fiscal year, the same store sales in North America will record a decline of 14%-19%, much higher than the 9.6% expected by analysts, while the comparable sale of website revenue will drop to 24%-29%.

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< p > according to the no fashion Chinese net data, in the three quarter ended March 29, 2014, the sales of Coach Inc. (NYSE:COH) Coach North America fell 18% to 648 million US dollars, accounting for 58.9% of the group's revenue. There were 543 direct outlets in the region, 21% in the same quarter, three in the three quarter, and a decline for the fourth consecutive quarters.

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< p > in addition, Coach Inc. (NYSE:COH) Coach expects total revenue in fiscal 15 to shrink by 11%-13%, and analysts expect a drop of only 2.3%. Business profit margins will be narrowed to an increase due to increased investment in store refurbishment and "a target=" _blank "href=" //www.sjfzxm.com/ "> shoes" /a "and men's clothing.

But after the trough of the 15 fiscal year, the Group expects to resume growth in the 16 fiscal year, rising to a median of one digit.

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P, Coach Inc. (NYSE:COH) Coach's core products, handbags and accessories business continues to be disappointing. Although CEO Luis Victor hired to join the Spanish luxury leather brand Loewe Rowe creative director Stuart Vevers to enhance the brand image and change to the lifestyle brand, the share of the brand in the local market is being squeezed by competitors such as Michael Kors and Victor.

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< p > to the deadline, the < a href= "//www.sjfzxm.com/news/index_f.asp" > Coach < /a > Inc. (NYSE:COH) fell 9.61% to 35.42 dollars, and the cumulative decline of 37.13% in 2014 and the market capitalization of about 9 billion 713 million US dollars is the worst performance of the S & P 500 index this year.

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