Coach Shares Plummet 18.6% as Sales Miss Target

Despite fourth quarter sales and profit gains, the handbag and accessories maker foresees a softening of consumer spending in North America.

By Alexandra Steigrad

denim/news

NEW YORK — Coach’s stock took an 18.6 percent hit, as slumping demand at its North American factory stores sent speculation swirling that consumers were either feeling...

Coach Shares Plummet 18.6% as Sales Miss Target

Despite fourth quarter sales and profit gains, the handbag and accessories maker foresees a softening of consumer spending in North America.

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