COH - 52% of Coach Stores Say Sales & Traffic Remain Steady; 17% Say Business is Up
TickerMine's latest survey, fifty-two percent of Coach stores said sales patterns and foot traffic have been holding steady over the last six to ten weeks, despite the weakening economy. Thirty-one percent of stores said sales and traffic have been very weak, while 17% said they have seen their business improving. Sixty-two percent of stores have run in-store promotions recently. Some stores offered promotions focused on particular items, such as leather purses or wallets, while others offered discounts on all items in the store. Forty-one percent of respondents said they had seen recent demand stimulated by new bags, footwear, or jewelry. Thirty-one percent of stores have seen an increase in window shoppers over the last six to ten weeks; 66% of stores have seen more window shoppers as well as more customers purchasing