Coach Facing Harsh Competition In The U.S

Although it remains the first luxury handbags seller in North America, Coach's sales has been suffering in the final quarter of 2013, as it lost a reported 13.6 percent fall to fast-growing competitors such as Michael Kors and Kate spade.
Chief Executive Victor Luis explains the sales' drop are due to lower store traffic and Coach's intentional decision to limit access to its e-factory flash sales site.