Coach Looks to Men’s Fashion and Chinese Markets for Growth

Brand struggles to stay relevant

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Luxury brand Coach Inc. has seen major declines over the past year, according to a press release describing the company's fourth-quarter earnings. Coach saw sales of $1.14 billion worldwide in the quarter, down 7 percent from the same period last year. For the full year, sales were down 5 percent to $5.81 billion.

"The fourth quarter capped a challenging year for the company, most notably in the North America women’s bag and accessory business," said CEO Victor Luis in the statement.

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