Coach (NYSE:COH) with its New York Style and affordable products has a bear case scenario. Core customers are aspirational and more sensitive to macroeconomic factors such as employment or more precisely unemployment. But then again you need to look good at the job interview. The Coach model is easily understood and much competition is on the way. Traditional century olde brands will withstand the Coach onslaught. They might even fight back a little.
George Gutowski writes from a caveat emptor perspective.