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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Tapestry Inc | NYSE:TPR | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.45 | 1.16% | 39.24 | 39.77 | 39.03 | 39.09 | 3,307,600 | 01:00:00 |
By Anjie Zheng
HONG KONG--Leather-goods company Coach Inc. (COH) said Thursday its net sales for the six months ended December rose to $2.30 billion from $2.26 billion a year ago.
The New York-listed company, which has depositary receipts traded in Hong Kong, said its earnings in the second half were buoyed by a positive contribution from the Stuart Weitzman brand.
Sales in North America in the period declined 8.9% because of net store closings and lower wholesale sales, Coach said. Net sales in Europe grew by $28.9 million and in Greater China by $11.4 million, the company said. Coach attributed gains to store openings and positive store sales in mainland China.
Operating income in the second half was $402.4 million, down from $455.2 million, partly because of pretax charges and administrative expenses.
Write to Anjie Zheng at anjie.zheng@wsj.com
(END) Dow Jones Newswires
February 04, 2016 00:08 ET (05:08 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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