Coach is winning over Chinese aspirational consumers and business is good. The aspirational luxury retailer announced strong sales and profits for its third quarter driven by impressive growth in its China business.
China continues to be high priority for Coach as it becomes the company’s largest geographical market outside of the U.S. Coach’s China sales soared by 60% in the third quarter. Coach expects revenues of $300 million from Greater China in 2012 which some analysts believe they will beat.
Coach’s strong performance in China underscores the company’s success in building its image and acceptance by China’s rising aspirational buyers.
Coach plans to open about 10 new stores later this year bringing their total stores in mainland China to 95.
photo credit: coach