Coach is dramatically cutting back on the number of handbags, shoes, and clothes it sells amid changing shopper habits
REUTERS/Mario Anzuoni
- Coach is cutting its product assortment in half for the upcoming holiday season.
- Todd Kahn, president and interim CEO of Coach, said that the cost-saving cuts would be to the "least relevant, the least productive" items.
- Parent company Tapestry reported a loss that was smaller than Wall Street expected for the quarter, which saw the worst effects of pandemic-related shutdowns.
- Still, the sales declines were steep: Coach's sales were down by 53%... Читать дальше...