Coach To Close 70 Stores In North America As Sales Fall (3)
June 19 (Reuters) – Upscale retailer Coach Inc warned of lower sales subsequent 12 months and said it would shut about 70 shops in North America as it struggles towards quick-growing rivals in its greatest market.
This should be a week where you do not buy any clothes, no expensive lattes, eat out for lunch and dinner for the week. This could be a bit difficult if you are used to buying things every week, however it might prevent a number of cash. Coach’s stock fell as much as 11 {6801aa0d93c4bebbbcadbe18f87c7ff0a9f00a504367b6bb7866def1f1f9d794} and was one of the top losers on the New York Stock Exchange on Thursday. The firm plans to close two metropolitan retailers and combine thirteen standalone shops catering to men with present ladies’s shops. One man I thought was going to have a nervous breakdown within the cereal aisle,” Putnam stated, adding that this man, in his early …
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June 19 (Reuters) – Upscale retailer Coach Inc warned of lower sales next year and stated it could close about 70 stores in North America because it struggles towards fast-growing rivals in its greatest market.