Joel VanLandingham
Name:
Office Title:
First Elected:
Last Elected:
Office Address:
Gender: Male
Family:
Date of Birth:
Place of Birth:
Home City:
Religion:
Profession:
Education:
Political Experience:
Professional Experience:
Non Legislative Committees:
Current Legislative Committees:
Organization:
Awards and Publications:
Shares of New York based Coach, known for its Poppy handbags, were down 8.2 percent at $53.06 in afternoon trading.Sales at Coach’s stores open at least a year fell 1.7 percent in the latest quarter in North America, where Coach gets 63 percent of sales.The company told Wall Street on a conference call not to expect any improvement in the new fiscal year, begun June 30. It said in February that it planned to offer more footwear and clothing by the holiday season to reignite sales.Those efforts come at a time of significant change at the top, a source of concern for investors. Coach is getting a new chief executive and a new creative director and is looking for a chief operating officer.”We agree there’s a lot going on,” long time Chief Executive Lew Frankfort said, acknowledging investor qualms. But he disputed the notion that the management changes were disruptive. “We have a seasoned group of Coach veterans taking on these roles,” he said.In January, Coach said the head of its international business, Victor Luis, would succeed Frankfort next year. Its longtime creative director, Reed Krakoff, credited with fueling Coach’s explosive growth in recent years, is striking out on his own now that he has bought his namesake brand from Coach.On Tuesday, Coach said Mike Tucci, the head of its North America business, and Jerry Stritzke, its operations chief, were leaving the company. Analysts had expected this, given that the two had been considered candidates to succeed Frankfort.Still, it’s a lot of change all at once.”The combination of all of the departures could be a cause for concern because it comes at a time when they’re trying to right the ship (particularly in North America) and potentially have issues on the creative side,” John Del Vecchio, a portfolio manager with AdvisorShares Ranger Equity Bear ETF, an all short, actively managed domestic exchange traded fund, said in an email.LOSS OF MARKET SHARECoach said its overall revenue rose 5.8 percent to $1.22 billion in the fiscal fourth quarter, ended June 29, helped by gains in its men’s merchandise and in China. That was below the $1.24 billion Wall Street was looking for.The company’s problems centered on weak sales in its bread and butter business women’s handbags in North America. The drop in comparable store sales there was the second in three quarters.”They have lost some market share, no question about it, especially among young, fashion conscious shoppers,” Edward Jones analyst Brian Yarbrough told Reuters.Executives acknowledged as much, saying the North American handbags and accessories market was expected to rise by a low double digit percentage in 2013.Coach plans to close 16 weaker North American stores this year, but said it would expand a few as well.Despite the weak North American results, there were some positive signs. Gross profit margin rose slightly, suggesting Coach has not had to discount much.Francine Della Badia, who heads North American merchandising and is succeeding Tucci, said sales of handbags priced at $400 or more had improved. Earlier this year, Coach was struggling to sell those pricier products a smaller but important part of its business.Sales to department stores also ticked up and the company said it will continue to renovate some of its shops at key department stores.Excluding the effect of currency fluctuations, international sales rose 17 percent, helped by a 35 percent jump in China.Net income for the quarter fell to $221.3 million, or 78 cents per share, from $251.4 million, or 86 cents per share, a year earlier. Excluding some one time items, Coach earned 89 cents per share, in line with Wall Street forecasts. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.Coach shares are a bargain
doudoune hollister femme pas cher http://gamingeverything.com/wp-common.php?p=doudoune-hollister-femme-pas-cher
I have that being a present for my personal sibling, pleased mama. She liked this!! I was afraid they was going to be also slight because of the preceding analysis and exactly how they looked once I got letter top, however it healthy most well. Information technology appears awesome regarding and in that the beautiful package it really is offered at.
beats by dre studio http://ventnorcity.org/uploads/beats.asp
Thanks for fast shipping & delivery; recommend seller! Cute switch shoe!
christian dior handbags http://www.the-bikeshed.co.uk/Dior/