Wall St. Cheers Coach Turnaround

Reuters

Shares of Coach soared as much as 11 percent Tuesday after sales rose for the first time in 10 quarters. Bobbi Rebell reports.

Coach is on a comeback. The handbag maker posting its first sales growth in 10 quarters. Its acquisition of luxury shoe brand Stuart Weitzman is helping, and its sales in China are still growing despite that country’s economic challenges. But there is still a ways to go, says Telsey Advisory Group CEO Dana Telsey.

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