Previously, we mentioned the downturn in Coach’s stock price, and today they announced they will lower prices by 15% in 2010. Although the company still made a profit (which is more than we can say for many (ok, most) retailers), Coach announced plans to only open 20 new stores this year, down from original plans to open 40.
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Is Coach still in? I think it has moved its products to a different demographics, what do you think?
Fashion do or don’t?
[…] Coach Set to Lower Retail Prices Previously, we mentioned the downturn in Coach’s stock price, and today they announced they will low… […]
I will be looking forward to Coach lowering their prices in 2010. The 15% they are going to lower them will make quite a difference in their larger and more expensive items. We will have to see what happens in the next month or so.
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