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12/6/2010-- The growing self-indulgence of
China's
middle class has proved a boon to Coach Inc, the largest maker of luxury
leather handbags in the United States, leading it to expect 75 percent
year-on-year sales growth in its 2011 fiscal year in China.
The New York-based retailer is planning to open stores at 25 locations in China in the fiscal year 2011, which ends in July, making a total of 65 Chinese stores, Lew Frankfort, chairman and chief executive officer of Coach, told China Daily on Monday.
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The New York-based retailer is planning to open stores at 25 locations in China in the fiscal year 2011, which ends in July, making a total of 65 Chinese stores, Lew Frankfort, chairman and chief executive officer of Coach, told China Daily on Monday.
Read More
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