Coach: The Risk That No One Has Mentioned
Coach's (NYSE:COH) stock has taken a beating after its last quarterly result. Investors have just woken up to competition in the US. With this recognition has come increased promotional activity. Muted consumer demand has also been recognized as somewhat of a problem. That should not have been any surprise because of the huge amount of sales in the outlet channel. Coach's management is emphasizing category and product extensions outside of women’s handbags and said that it would not cut prices. So analysts have cut their EPS numbers and price targets and gone on to the next company to report. ...
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