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Coach Drops as Kors Grabs Handbag Customers in Slowdown: Retail

Coach Inc. Chief Executive Officer Lew Frankfort has beaten Wall Street sales estimates in 85 percent of all quarters for the past five years, through good times and bad.

Not yesterday, when Coach reported North American comparable sales that missed analysts’ predictions as well as its own projection. Concerned about Coach’s ability to hold on to its market share, investors pushed the stock down the most in almost 11 years.