Original Article on Crains New York

Coach Inc. posted a 4% increase in fourth-quarter net income as the demand for its luxury bags and accessories continues to improve in North America.Net income rose to $202.5 million, or 68 cents per share, during the quarter ended July 2. That compares to net income of $195.5 million, or 64 cents per share, last year. Analysts expected net income of 65 cents per share, according to FactSet.The New York company said revenue rose 9% to $1.03 billion from $950.5 million last year. That just edged out most analyst expectations.Revenue in stores open at least one year rose 10.1% in North America. The figure is considered a key measure of a retailer's financial health because it excludes the volatility from stores that opened or closed during th...(read more)