On Air Now

Listen

Listen Live Now » 101.9 FM Central Wisconsin

Weather

Current Conditions(Wausau,WI 54403)

More Weather »
71° Feels Like: 71°
Wind: SE 7 mph Past 24 hrs - Precip: 0.35”
Current Radar for Zip

Tonight

Partly Cloudy 55°

Tomorrow

Partly Cloudy 80°

Sun Night

Isolated Thunderstorms 59°

Coach's profit falls on continued weakness in North America

People walk past a Coach store on Madison Avenue in New York, January 23, 2013. REUTERS/Carlo Allegri
People walk past a Coach store on Madison Avenue in New York, January 23, 2013. REUTERS/Carlo Allegri

(Reuters) - Leather goods maker Coach Inc reported a lower first-quarter profit due to continued weakness in sales in North America, its biggest market.

The company's North America sales fell 1 percent in the quarter ended September 28. Overall sales also fell 1 percent to $1.15 billion.

Net income slipped to $217.9 million, or 77 cents per share, from $221.4 million, or 77 cents per share, a year earlier.

(Reporting by Maria Ajit Thomas in Bangalore and Phil Wahba in New York)

Comments