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e luxury handbags coach in China sales surge

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Jan 10, 2012, 7:18:28 AM1/10/12
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The United States of America handbags and jewelry manufacturer coach ( Coach ) local time 25 days issue wealth that, thanks to its products in the United States and overseas market demand, the company 's first quarter profit growth of 14%.

Money newspaper shows, up to October 1st quarter, the company net profit from the same period last year to $188900000, or 63 cents per share, up to $215000000, or 73 cents per share, higher than market analysts before the average of 70 cents per share prediction. Company sales revenue grew 15%, to $1050000000, above the average analyst forecast of $1020000000.

As the United States of America 's largest domestic luxury handbag manufacturer, coach currently in the North American region has 345 retail stores and 152 discount factory stores. The published financial profit also reflect consumer confidence picked up and strong purchasing power.

Data shows, in the consolidation of the domestic market share at the same time, coach is also active in the development of China and Europe as a representative of the overseas market. As a global sales to grow the fastest area, coach products in China with two digit year-on-year sales growth rate.


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