Have we fallen out of love with Coach?
The handbag maker which has dominated the accessories market across North America for years and whose purses and accessories have been a staple for many a Canadian fashionista has taken a major stock hit after it was announced its fourth quarter sales missed analyst expectations. CNN Money reports the stock fell some 18.6 per cent. (It should be said, the company's net income rose to $251.4 million though those sales can almost entirely be attributed to handbag sales in Asia.)
Others believe this slump showcases the increasing divide between those who can purchase luxury goods and those who have to remain price conscious. (Something that could be evidenced by similar disappointing share results for several other Green Patent leather Au Palace 120mm luxury retailers: CNN Money also reports shares of Tiffany, Saks and Nordstrom's have either been down or flat.)
So what Silver Patent leather Au Palace 120mm gives: Are we shopping less for luxury items? Is your clothing/retail budget smaller than it used to be? Or have you simply fallen out of love with specific designers, like Coach?