Coach Shares Climb Ahead of Poppy Launch

But Coach has been struggling to find its place long before the recession began. While the company is adamant about not directly catering to the teen demographic, its entry level price points have been a gateway drug for the younger set into luxury handbags and accessories.

Regardless, it's highly unlikely that even when the economy rebounds teens will have the same funds to purchase a $200 bag.

And let's face it: Even with the "trading down effect," a true luxury consumer wouldn't be caught dead with a Coach handbag.