fashion + beauty + insider interviews + est 2006

Wednesday, August 01, 2007

COACH WANTS TO MAKE EVEN MORE MONEY

so if they keep churning out bags like these, coach is sure to reach their goal. (wwd.com)

so am i the only one who remembers when coach was totally wack!? everybody and anybody had those $20 knockoff coach belts, and the monogram bags. and as you know, when a brand ceases to be exclusive, it ceases to be exciting. well those days are no more! wwd.com just reported that coach has announced a 36.5 percent jump in fourth quarter profits. such high numbers set them firmly on track to achieve their new goal: a volume of $5 billion by 2012. coach chairman and c.e.o, lew frankfort is quoted in wwd.com as saying, "We're pacing ourselves. We have a blueprint to double our volume to $5 billion over four to five years," they are not far. according to the site, their current volume is $2.61 billion.

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