Stuart Weitzman contributes to strong Coach quarter
27/04/2016
This figure represents a year-on-year increase of 11%. Earnings on this total were up by 7% at $713 million.
High-end footwear brand Stuart Weitzman, acquired by Coach at the start of 2015, contributed sales revenues of $79 million during the quarter.
Coach chief executive, Victor Luis, said on announcing the results that he was “very pleased” with the company’s performance over the three-month period, pointing to double-digit increases in China and Europe, as well as sales gains in Japan and the rest of Asia as highlights.
He went on to announce that Andre Cohen is being promoted to president for North America and global marketing, and Todd Kahn is being promoted to president, chief administrative officer and company secretary, with responsibility for supply chain and procurement.
Gebhard Rainer, president and chief operating officer, and David Duplantis, president in charge of global marketing until now, will be leaving the company.
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