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Coach Q1 sales jumps 14%
New York City -- Coach said Tuesday its first quarter profit increased 14% on strong demand for its products at home and abroad. Its results beat expectations and reflected the continuing strength of the luxury market.
Coach reported net income of $215 million for the three months ended Oct. 1, up from $188.9 million in the year-age period.
Revenue rose 15% to $1.05 billion, from $912 million a year ago. Same-store sales were up 9.2% in North America.
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Stop & Shop expands availability of mobile app
QUINCY, Mass. — Stop & Shop announced that it has expanded the availability of its SCAN IT! Mobile shopping app.
First introduced last June for iPhone 3GS and 4G in three stores, SCAN IT! Mobile is now also available for many Android devices which will double the reach of customers, the company said. In addition, the pilot will expand to an additional 42 Stop & Shop stores in Massachusetts, Rhode Island, and Connecticut.