USA: Coach Lifts Capital Spending To $60m
Leading marketer of luxury leather goods, Coach Inc, has revealed it expects capital expenditures to increase 40 per cent to $60 million in fiscal 2003 as it looks to open up to 20 new stores.
The New York-based company, which last month posted a 61 per cent jump in second quarter net profit to $62.4m, said in an SEC filing it will spend $17m on new US retail and factory stores and $15m on store expansions and renovations.
It has also allocated $10m to department store renovations and distributor locations, $10m in Japan for 10 new stores and the remaining funds for information systems and corporate facilities.
Companies: Coach Inc
Help test our new apparel sourcing tool.
For the past 20 years Wal-Mart has redefined the way most retailers and manufacturers across channels and categories have done business. Every apparel company has been affected thanks to the retail gi...
Accessories marketer Coach is launching a range of women's knitwear in autumn 2006 in conjunction with luxury knitwear design firm Lutz & Patmos....
Luxury goods company Coach has reported a 37 jump in second-quarter profit and upped its full-year forecast after good seasonal demand for bags and accessories....
Luxury goods label Coach has reopened its global flagship store in New York....
Four Massachusetts citizens have been charged with money laundering and trafficking, and conspiring to traffic in more than $1.4 million worth of counterfeit luxury handbags and wallets....
Luxury accessories company Coach Inc has reported a first-quarter earnings increase on good demand for handbags as well as wider profit margins....
Accessory company Coach Inc has named Janet Carr as senior vice president of consumer insights and strategic planning, effective immediately....
The Japanese Fair Trade Commission has thrown out a claim made by luxury group Coach Inc that rival company LVMH Moet Hennessy Louis Vuitton had been carrying out harassment and anti-competitive pract...
- Rana Plaza four years on – Timeline of change
- Trump and Brexit get a dose of pragmatism
- Industry groups reaffirm commitment to Bangladesh
- Using worker surveys to drive supply chain change
- Where does VF supply chain sit in growth strategy?
- Nike filed patent for "reinforced denim"
- Adidas to digitalise Speedfactory concept
- Gap unveils five-year sustainable fibres pledge
- Adidas and Reebok top transparency index
- M&S extends sourcing deal with Lindsey brothers
- Global market review of denim and jeanswear – forecasts to 2022
- When Things Go Wrong - A Practical Guide to Managing Common Problems in Apparel Sourcing
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- Clothing Market in the Top 5 American Countries to 2021 - Market Size, Development, and Forecasts
- Myanmar - ISA Country Report