Consumer Cyclical Sector Review: Coach Counts on China and Men
Coach, Inc. (NYSE:COH): Demand for high-end handbags and accessories remained robust throughout the holidays and into 2012. Coach’s (NYSE:COH) strategy to enhance China stores, and their men’s fashions is paying off. China revenue is projected to reach $300M in FY12. The men’s business may increase to $1B in 3-5 years, Barron’s reports. An analyst at International Strategy & Investment Group sees the shares rising as high as $80 over the next year.
The shares closed at $68.51, up $0.04, or 0.06%, on the day. Its market capitalization is $19.99 billion.
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