I didn't want to keep adding to a January thread; I heard the Wall Street reports yesterday and thought I heard them say that Coach revenues were down 25 percent in boutiques. Thinking that could be right, I found an article in Barrons. It saying that revenues in North America fell 21 percent. They're doing well in Asia, however. Part of it is the economy and Michael Kors has put out some great stuff. (Even though I get sick of seeing them everywhere. I think most decent handbags are way overpriced now, it doesn't matter what the brand is. The good thing is that if you are a Coach lover, you have a chance to pick up some deals. It will be interesting to see how Luis' strategy to go more upscale plays out.