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#1 2013-12-18 09:04:25

andrealiuyh
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Registreeritud: 2013-12-18
Postitus: 1

Coach's New Bag of Tricks

The new buzzwords at Coach Canada these days are "magic and logic"—the blending of ideas, design, and creativity with rigorous knowledge-based decision making. That duality is personified by the company's leaders, old and new: Chairman and CEO Lew Frankfort and President and Chief Commercial Officer Victor Luis, who is set to take the baton from Frankfort in January. A 34-year veteran at Coach (ticker: COH), Frankfort built the company into a $16 billion global retailer of handbags and accessories.

Some investors are snapping up the shares, betting that they can get to $70 in two years. These bulls figure that Luis is the right man to continue leading the company's transformation into a global lifestyles brand from mainly an accessories and handbag maker. "I like the fact that he recognizes the need for a change," says Ann Miletti, senior portfolio analyst with Wells Fargo Asset Management. "Clearly, the Coach Outlet needed to be refreshed and expanded into lifestyle, and he has the capability," based on his record at the company.

Coach Canada Outlet, Inc. (Coach) is a marketer of accessories and gifts for women and men. The Company offers a range of modern, fashionable handbags and accessories. Its product offerings include women's and men's bags, accessories, footwear, wearables, jewelry, travel bags, sunwear, watches and fragrance. The Company operates in two segments: North America, which includes sales to North American consumers through Company-operated stores, including the Internet, and sales to wholesale customers and distributors and International, which includes sales to consumers through Company-operated stores in Japan and mainland China, including the Internet, Hong Kong, Macau, Singapore, Taiwan, Malaysia and Korea and sales to wholesale customers and distributors in 25 countries.


Motor Coach Canada represents the interests of motor Coach Outlet tour operators and bus operators and supplies scheduled, charter, transit, and tour services.

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