Coach Is Closing 70 Full Price Stores

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#392
Wasn't entirely sure where to post my comment but I know we've discussed Coach's closest competition (stolen market share) here on this thread (probably other threads too) but our dwntwn flagship Hudson's Bay department store has been busy sprucing up before Nordies opens next year...they have cut Coach's floor space in half and Marc by Marc Jacobs has moved in. What I didn't know was that other renos were in the works and now Kate Spade has moved in. KS + MbMJ are super close to Coach now. The Bay does not carry MK handbags though - Holt Renfrew does and there's also a dwntwn MK boutique. There's just SO much competition out there and even a shopping bagaholic addict (me) can never keep up - there's too much stock everywhere!
 
#393
missmoimoi said:
Wasn't entirely sure where to post my comment but I know we've discussed Coach's closest competition (stolen market share) here on this thread (probably other threads too) but our dwntwn flagship Hudson's Bay department store has been busy sprucing up before Nordies opens next year...they have cut Coach's floor space in half and Marc by Marc Jacobs has moved in. What I didn't know was that other renos were in the works and now Kate Spade has moved in. KS + MbMJ are super close to Coach now. The Bay does not carry MK handbags though - Holt Renfrew does and there's also a dwntwn MK boutique. There's just SO much competition out there and even a shopping bagaholic addict (me) can never keep up - there's too much stock everywhere!
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Wow i hardly even see coach in our the bay store here or any of the one you mentioned...i see dooneys, guess, nine west, kipling....my friend saw one coach bag once....i dont see a table with their stuff their..i would love to see mbmj..its being sold in aritzia or holts...
 
#395
It's true that if you have too many sales, nobody wants to get the products at full price anymore. Also it doesn't help the semi-luxury brand image when every single woman on the street is carrying a bag from the outlet.
 
#396
lol, they annouce closing 5 outlet stores and open a new one in canada. So far not confirmed but I'm suspecting a 2nd and 3rd one. I'm almost positive that there is another new one opening in vancouver. Can't resist giving up that traffic to micheal kors

Coach is rather strange
 
#397
I don't know how well my store is doing. But I have been shopping at Dept stores offering discounts. I do like to give my SAs a sale so will shop at Coach FP if they will match a discount
 
#400
The SA's at my one and only FP store seemed to be in a less than happy mood a couple of weeks ago. I was there to make a purchase from the SAS...even that didn't put much of a smile on their faces. Hmm, I wonder now.
 
#401
I'd like to know if the stores near me are closing. Now that I think about it, when I went into my store a few days ago, they had just replaced the floor tile. DH asked them if the mall paid for it, but the SA said Coach paid for it, so I doubt they would do that if they were going to be closing it.
 
#403
missmoimoi said:
Wasn't entirely sure where to post my comment but I know we've discussed Coach's closest competition (stolen market share) here on this thread (probably other threads too) but our dwntwn flagship Hudson's Bay department store has been busy sprucing up before Nordies opens next year...they have cut Coach's floor space in half and Marc by Marc Jacobs has moved in. What I didn't know was that other renos were in the works and now Kate Spade has moved in. KS + MbMJ are super close to Coach now. The Bay does not carry MK handbags though - Holt Renfrew does and there's also a dwntwn MK boutique. There's just SO much competition out there and even a shopping bagaholic addict (me) can never keep up - there's too much stock everywhere!
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coach in canada also has home grown competition from roots which ironically isn't Canadian at all but American but decided to set up shop originally in canada and then expanded into the United States. Which brings me to another point. Coach is made in china AAA grade, Roots is made in Canada. Same price range as well right now. For the same price coach wants you can get something made in canada from roots.

coach announce they are closing 5 outlets and open a new one haha in Canada as well. I don't think the lower mainland fp stores may close anytime soon. Lower Mainland gets a lot of tourist traffic. And tourists buying coach. My local fp coach got a plane full of tourists once. LOL they had a black friday pce open to all and all the deletes got cleared out without even having to discount them during the december sas. I think those of us in metro vancouver don't have to worry about coach closing down our local fp store. At least ones that are near a translink skytrain/canada line station. Tons of tourist traffic everywhere. Even at metrotown i saw tourists wandering in. I swear headquarters figured out the fp store in richmond is a haven for clearing deletes. They keep shipping in new stock to my fp store. Like an bag would get sold out. A week later and the same bag is in stock again. >_> and if they hadn't figured it out, they had better. What better place to clear deletes? lol which makes me think they might be opening a new outlet in metro vancouver. Maybe two. Since we are getting an outlet mall with micheal kors and kate spade opening stores as well.
 
#404
Found an article discussing Coach earnings online:
http://www.fool.com/investing/gener...-inc-surprise-wall-street-when-it-report.aspx

"As part of its turnaround plan, Coach is closing around 70 underperforming retail locations, and refreshing its product mix in hopes of becoming more of a "lifestyle" brand like rival Michael Kors. Additionally, Coach plans to remodel as many as 150 of its mall retail stores and 140 department store displays in the year ahead. This strategy is already working for the retailer. In fact, Coach locations that had full or partial remodels performed better than those that had not during the first-quarter."
 
#405
knightal said:
Found an article discussing Coach earnings online:
http://www.fool.com/investing/gener...-inc-surprise-wall-street-when-it-report.aspx

"As part of its turnaround plan, Coach is closing around 70 underperforming retail locations, and refreshing its product mix in hopes of becoming more of a "lifestyle" brand like rival Michael Kors. Additionally, Coach plans to remodel as many as 150 of its mall retail stores and 140 department store displays in the year ahead. This strategy is already working for the retailer. In fact, Coach locations that had full or partial remodels performed better than those that had not during the first-quarter."
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They assume that the remodels had something to do with increasing business. Maybe the stores they remodeled were already the higher performing locations.
 
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