Financial results for Coach Inc brings great news for consumers.
The Coach company is feeling the heat of the economy issues and projects consumer spending cutbacks to continue to affect the company’s bottom line well into 2009. The company did met its expectations for the fourth quarter, but are well aware the lasting effects of the economy. With the stimulus checks gone, there are major concerns ahead to cause the Coach company to proceed with caution..
There are still plans in the works to expand around the world even in the United States. Other areas for targeted expansion include China and Japan. But the biggest news for us is… LOWERING PRICES ON ITS FAMOUSLY HIGH-PRICED PURSES AND ADD A LINE OF LOWER-PRICED ACCESSORIES. So start making your plans for that model you always wanted but was priced too high. And what great Christmas gifts we can find with Coach accessories that are coming out. Woo Hoo!
For the entire scoop, here is the Forbes article.
