Coach did not feel weaken the luxury market yet

This seems to be a mixed bags of luxury for the quarter, according to the company's earnings.

Accessories retailer Coach Tuesday reported that net income rose 3% and 11% growth in sales in the first quarter of the year ended 29th September.

The New York City company, net income was $ 215 million, or 73 cents per share, compared with the same quarter last year, net income was $ 221 million, or 77 cents per share.

Of net sales for the quarter were $ 116 million $ 105 million dollars, compared to a quarter in 2011.

Coach (NYSE: COH) Analysts polled by Thomson Reuters expected 76 cents per share, on average.

"We have been ready for the holiday season, and to maintain the confidence that we have the ability to achieve double-digit growth in the volume of our planning Coach brand strength and increased global expansion," Lu Frankfurt, Chairman and Chief Executive Officer coach said a statement .

At the same time reported the Daily Mail on Tuesday, the decline in demand for luxury goods in China, accused of the potential profits to reduce the pond fire.

The report said that the British luxury goods retailer Burberry, low-cost commodity sales decline, and mulberry forecast profit decline.

Last week, the "Financial Times" quoted Bain & Co. report also predicted that China's spending habits will affect the market, but the value of the goods is expected to grow, just at a lower interest rate is 5%, compared to 13% in 2011 and 8% in 2010.

But other luxury brands also have good quarters.

According to Bloomberg, "Moet Hennessy Replica Louis Vuitton LVMH SA last week reported revenue growth of 15% in the third quarter, LVMH Chief Financial Officer - Jacques · Guiony, told the media:" appetite for luxury goods.

In addition, the report said, Prada, Hermes International SCA have not been affected, weak global demand.

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