Coach’s Earnings Don’t ‘Paint the Full Picture of the Retailers Struggles’

Shares of Coach (COH) have plunged today after releasing its first-quarter earnings, a sign that investors might be losing patience with its turnaround plan. Coach reported a profit of 53 cents a share not including items, beating the Street consensus for 45 cents, while same store sales slid 24%, better than the expected 25.5% decline. [...]