NEW YORK – Coach Inc., a U.S. luxury handbag and accessories retailer, plans to open 10 more outlets in Japan in the next 12 months, company officials said Tuesday.
The plan is intended to attract more young customers, they said.
The company reported $42 million in net profits in the July-September quarter. That is up 88.3 percent from a year earlier on sales of $258 million, up 34 percent.
Sales were brisk in the North American and Japanese markets, particularly in bags and leather products. Profitability also improved due to reduced sales costs, the company said.
In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.