Coach was a $550 million business in 2000 when it went public and a $5 billion one a decade or so later. Now we're transforming it again into a lifestyle brand for women, with shoes, outerwear and capsule collections of tops and bottoms. A transformation has to be careful, nurtured. You have to understand what's distinctive about your brand and build on who you are. Consumers are smart — if you try to be something you're not, they'll see you as an impostor. Modify your product first and build interest and loyalty into what's coming.
NEW YORK — Coach announced that Victor Luis has been appointed president and chief commercial officer. Concurrently, he has joined the board of directors. He will become CEO in January 2014. Lew Frankfort will continue as chairman and CE during this...
Shares of Coach are taking a hit after holiday revenue numbers for Q2 fell short of forecasts. Coach CEO Lew Frankfort, offers insight behind the disappointing numbers.
Coach has joined the growing group of retailers deploying mobile point-of-sale technology as it seeks greater productivity and transaction throughput in its factory stores. The retailer also boosted its CapEx spending by nearly 25 percent this year, with another significant investment increase planned for fiscal 2013, in part to support technology and digital enhancements. CapEx spending for fiscal 2012, which ended June 30, 2012, totaled $184 million, up from $148 million spent the previous year, according to Coach CFO Jane Nielsen. The retailer projects an even bigger increase as much as 35 percent – for the current fiscal year.
A former eBay and PayPal executive who went on to lead Google's commerce initiatives has joined the Board of Directors of fashion brand Coach. Stephanie Tilenius was at eBay Inc. for nine years, ultimately as SVP of eBay.com and global product. She went on to become vice president of global commerce and payments overseeing digital commerce, product search and payments at Google. Tilenius recently stepped down from Google and joined Kleiner Perkins Caufield & Byers, a venture capital firm, as Executive-in-Residence, primarily focusing on companies within its Digital Growth Fund. Lew Frankfort, Chairman and Chief Executive Officer of Coach,
Coach Inc.'s (COH) fiscal fourth-quarter earnings rose 24% as the maker of high-end leather-goods topped sales expectations and improved its margins. But shares were trading 8.8% lower at $55.25 premarket as Coach described fiscal 2013 as "an investment year" in which it will accelerate the acquisition of domestic-retail operations in key Asian markets, including those in Malaysia and Korea. The stock has fallen 6.2% so far this year through Monday's close. "Our goals remain unchanged," said Chairman and Chief Executive Lew Frankfort. "We're committed to achieving double-digit top- and bottom-line growth over our planning horizon. We have a business