Coach Shares Fall on Holiday Slump

The handbag maker cited increased competition and challenging macroeconomic factors for its weaker-than-expected second-quarter results.

By Alexandra Steigrad

financial/news

NEW YORK — Shares of Coach Inc. slid 16.4 percent Wednesday to $50.75, after the handbag maker said sagging holiday demand and increased competition in the accessories market...

Coach Shares Fall on Holiday Slump

The handbag maker cited increased competition and challenging macroeconomic factors for its weaker-than-expected second-quarter results.

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