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Coach Blames Weather on Poor Sales, Warns of More to Come

Coach saw its North American sales drop a whopping 18% from last year, and the leather goods maker guided down sales expectations for the coming quarters.

Coach saw its North American sales drop a whopping 18% from last year. The leather goods maker tried to play up increases in the mens and footwear businesses, but these are only small parts of the company's overall sales. Coach also noted its international sales were strong with China up 25%. Coach guided down sales expectations for the coming quarters. Coach said its fourth quarter sales would drop 10% and does not expect any more share repurchases.

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