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Impressed with the results, Ann-Marie Peterson, an analyst with Thomas Weisel Partners, said Coach is in the "sweet spot" of many trends, including the shift to value and the growing importance of accessories.
"Coach is doing a tremendous job at educating women to the importance of accessories and giving them a product each season to do that and saying that handbags are not a replacement-driven product, but fashion-driven."
For the first half, profits rose 49.7 percent to $84.9 million, or 92 cents, versus year-ago profits of $56.7 million, or 63 cents. Sales amassed to $501.3 million, an increase of 29.7 percent over the $386.5 million reached in the first half of 2002.