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Accessories Retailer Sees Growth In Japan.(B)(NYSE STOCKS IN THE NEWS)
Byline: Craig Shaw
Coach is working on a six-week consolidation after running up 74% from its December breakout. It's corrected 22% from its May 15 peak and now stands 8% off that high.
The New York-based retailer designs, produces and markets handbags, wallets, briefcases and luggage. Formerly owned by Sara Lee, it went public in October 2000. It runs more than 200 full-price and factory stores and also sells its goods in department stores and through catalogs and the Web.
It's adding stores in Japan, with sales there expected to double in fiscal 2002. Same-store sales growth in Japan has hit double digits for four ...
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