Coach Q3 profit falls, but beats estimates
New York City Coach Tuesday reported a 29.3% decline in third-quarter profit to $114.9 million, hurt by the pullback in consumer discretionary spending and costs related to job cuts and store closures. However, the results were better than Wall Street expected, and the company showed improvement in North American same-store sales and traffic from the holiday quarter.
Sales in the quarter, ended March 28, fell less than 1% to $739.9 million, from $744.5 million.
Chief executive Lew Frankfort said the company is suspending remodeling of North American stores and slowing the pace of new store openings in the region to control costs.
At the same time, Coach is targeting expansion in faster-growing China markets, and Frankfort said he is considering entry into Western Europe, starting with England and France.
Kroger announces second reusable bag contest
CINCINNATI Kroger announced its second annual design a resuable shopping bag contest.
Through May 15, customers can create their designs and vote on their favorite entries online at www.kroger.com/green .Anyone who designs a bag and has a valid shopper card will receive an electronic coupon loaded directly to their card for a free reusable bag (99 cents value), where valid. Kroger has also partnered with CafePress so that designers can purchase a reusable bag featuring their design.
The winner of the contest will receive a $1,000 Kroger gift card and a chance to see their bag design sold in Kroger stores. Four finalists will be awarded $250 Kroger gift cards and five runners-up will receive $100 Kroger gift cards.
Office Depot offers free resume copies and faxing
BOCA RATON, Fla. Office Depot announce that it isoffering customers free copies of resumes and free faxing from April 19 to May 30.
Customers will be able to participate in this special offer by visiting the Design, Print, & Ship Depot center in any one of the more than 1,100 Office Depot retail store locations nationwide. Office Depot is providing free copies of resumes, up to 25 single-sided pages, as well as free faxing to five different domestic numbers, up to 25 pages in total.
“Times are tough, and whether you are looking to make a career move or seeking your first job out of school, Office Depot is helping our customers take care of business by providing a valuable service free of charge,” said George Hill, SVP Office Depot’s Design, Print, and Ship Depot. “From paper and portfolios to custom printing and shipping, Office Depot is truly a one-stop-shop for resume products and services.”