Coach Inc

Coach is joining the NFT space and collaborating with GQLab to create its own NFTs. What other luxury brands have NFTs?

To support its direct marketing initiatives, Coach has a database of 24 million households in North America and 10 million in Asia.

Ralph Lauren’s merchandise is available through ~13,000 wholesale distribution channels, 501 retail stores, 589 shops-within-shops, and ten websites.

Coach expects to realize $160 million in annual savings due to its restructuring initiatives from fiscal 2016 onward. It also expects to maintain its annual dividend of $1.35 per share.

The company derived 46% of its operating income from the Calvin Klein business in fiscal 2015 compared to 37% in fiscal 2014.

Coach’s gross margin expanded to 71.6% in 3Q15 from 71.1% in 3Q14. Coach reduced the frequency of its in-store and online promotions, which should boost its margins.

Fossil Group (FOSL) has a market cap of $1.6 billion. It rose 8.4% to close at $35.70 per share on November 16, 2016.

S&P Global Ratings lowered the credit rating of Under Armour (UAA) stock to junk status after the company reported weak 4Q16 results and a gloomy sales outlook. The rating on UAA’s bonds dropped from BBB- to BB+.

Kate Spade (KATE) reported fiscal 3Q16 net sales of $316.5 million—a rise of 14.1% compared to net sales of $277.3 million in fiscal 3Q15.

We’ll look at PVH’s operations by geographies. It markets its products in over 100 countries through wholesale partners. It has over 4,700 retail locations.

Coach’s (COH) performance in North America remained pressured in the quarter, with sales declining 7% in reported terms to $731 million.

PVH’s YTD gains have outperformed Hanesbrands’ (HBI) 11%, VF Corporation’s (VFC) 15.5%, Michael Kors’s (KORS) 4%, and Ralph Lauren’s (RL) -7.2% gains.

PVH Corporation’s (PVH) top line is predicted to grow 4.9% YoY (year-over-year) in 2Q17.

Coach pulled out of 250 department stores in the US during its last reported quarter, reducing the department store count by ~25% in 2017.

RL delivered better-than-expected earnings and in-line revenues, but its EPS fell 18% YoY to $1.86.

On January 25, 2017, Telsey downgraded Kate Spade’s rating to “market perform” from “outperform.” It reported fiscal 3Q16 net sales of $316.5 million.

Kate Spade (KATE) rose more than 23.0% on December 28, 2016, after the report that the company is planning to sell its businesses with the help of investment banker.

On November 23, 2016, Wolfe Research downgraded Kate Spade & Company’s rating to “peer perform” from “outperform.”

As a result of its second quarter headwinds, Kate Spade (KATE) lowered its full fiscal 2016 outlook.

Coach (COH) fell 4.2% to close at $35.04 per share during the second week of September 2016.

Fossil fell by 4.6% to close at $28.13 per share during the fifth week of August, with weekly, monthly, and YTD price movements of -4.6%, -4.8%, and -23.1%.

Among PVH’s (PVH) three segments, Calvin Klein has been the best performer. The brand accounts for more than 37% of the company’s total revenue.

KATE’s top line grew by 9.1% YoY (year-over-year) in fiscal 2015, as compared to a 7.7% YoY increase for Michael Kors and a 12.7% YoY decline for Coach.

Kate Spade recorded total sales of $1.3 billion in the past twelve months. Michael Kors and Coach saw sales of $4.7 billion and $4.3 billion, respectively.

Phillips-Van Heusen (PVH) posted $1.9 billion in revenue for fiscal 1Q16. That’s a 2.1% YoY increase on a GAAP basis.

Ralph Lauren has a $1.7 billion capex. Its capex-to-sales ratio of 5.1% (as of March 28, 2015) is among the highest in its fashion and apparel peer group.

Ralph Lauren’s top line has grown by a CAGR of around 9% over the past five fiscal years to reach $7.6 billion in fiscal 2015.

Ralph Lauren was founded by Ralph Lauren in 1967 and offers apparel, accessories, home products, and fragrances under several well-known brand names.

Ralph Lauren is the third-largest branded apparel company (by revenue) in the US and has grown at a CAGR of around 9% over the past ten years.

Tommy Hilfiger is one of the world’s leading designer lifestyle brands. PVH reports its business under the North America and International segments.

Samsonite will need to file for merger approval under the Hart-Scott-Rodino Antitrust Improvements Act. The companies will need to file for Canadian antitrust approval.

In addition to social media initiatives, Clinique’s “Forecast” mobile application provides weather information and skincare tips related to weather conditions.

Catering to the premium market, Estee Lauder’s heritage brands include Aramis and Designer Fragrances, Clinique, and Origins.

Japan is a classic case of how depreciating currency can boost economic growth. The stimulus package, launched in October 2010, worked over the short term.

When a country depreciates its currency, its major trading partners depreciate their own currencies. They do this to save their economies from entering into deflation.

Calvin Klein’s North American operations had a 2% increase in same-store sales growth. However, the international operations decreased by 4%.

Tommy Hilfiger was founded in 1985. Along with Calvin Klein, it’s one of PVH’s two flagship brands. For 2013, Tommy Hilfiger’s global retail sales were $6.4 billion.

Products sold under the Calvin Klein banner had gross revenue of $7.8 billion in 2013. Of the revenue, PVH reported $2.8 billion.

At Coach (COH), products are conceptualized by its New York-based design team. The team also directs the design of all Coach products.

Competition is fierce in all of the affordable luxury industry. And, there are many players, including KORS and KATE.

Coach’s pricing is lower than other luxury brands. This appeals to HENRYs, or high-earners, not rich yet, among other markets.

Coach, Inc. (COH) distributes products through wholesale and direct-to-customer channels. It runs wholesale shops-within-shops at major department stores.

Although the manufacturing process is outsourced, Coach tries to keep a grip on the manufacturing process from design to production.

Coach is a well-known premium fashion brand. In recent years, Coach has faced increasing competition from newer entrants in the affordable luxury market.