Blog: Leonie BarrieCoach eyes China

Leonie Barrie | 21 January 2010

China is the big opportunity for Coach, where current performance is outstripping even the company's own strong expectations.

Here’s what the company’s CEO Lew Frankfort told analysts about the country where its 37 stores are seeing impressive double-digit growth.

“The Chinese consumer loves Coach. She rates us highly on all of the attributes she values such as fashion, sophistication, quality, and value and as our awareness increases her future purchase intent is holding among those who have not yet purchased Coach.

“And among existing Coach China consumers, repurchase intent is surprisingly high at 94%, a higher level than we’ve experienced in the US or Japan.”

A recent study by consulting firm Bain & Co predicts China’s luxury sales grew between 15% and 20% last year, while other figures forecast the spending power of Chinese women alone will reach US$216bn during the next decade.

The figures indicate enormous growth potential, so it's no wonder that Coach is accelerating its expansion plans as a result.

INSIGHT: China crucial to Coach growth


BLOG

Act now to keep receiving just-style newsletters

You may have noticed a red alert bar at the top of just-style’s weekly and daily newsletters asking you to “Act now to keep receiving the just-style newsletter.” ...

BLOG

Apparel imports into the US rose in June

Apparel imports into the US rose in June as merchants stocked up for summer and prepared for the back-to-school season, with imports from Vietnam continuing to surge....

BLOG

US retailers under pressure to grow sales as mall traffic slows

Under Armour is to close stores and cut jobs – around 2% of the company's global workforce – as part of new plans to build a stronger and smarter company with faster go-to-market speed and greater dig...

BLOG

Agile logistics key to new hybrid retail world

US retail giant Walmart has topped a list of the fastest growing retailers thanks to its investment in ensuring it has the right balance between its online and brick and mortar operations....

just-style homepage



Forgot your password?