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Coach Q1 profits down on weak U.S. sales
New York -- Coach reported a decline in first-quarter profit amid declining North America sales. The company had net income of $217.88 million, down from $221.38 million in the previous year.
Net sales for the quarter fell 1% to $1.15 billion from $1.16 billion a year ago, below analysts' estimate of $1.19 billion.
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Global Watch: Top 10 Department Stores
What’s your favorite department store? The experts at London-based design consultancy Dalziel+Pow have just come out with their top 10 global department store destinations. It’s an interesting list, with some familiar players, and some less so.
Here are the firm’s picks:
