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.

Already tired of blinget China

Lyxbolag Louis Vuitton and Gucci are very successful, newly wealthy Chinese in Asia flocked to buy the state of designer bags and clothing in the form. However, Chinese consumers are accustomed to luxury, and became more critical lyxbolagen increasingly difficult to peddle their wares.
Chinese thirst for luxury goods was virtually impossible to meet. For example, Louis Vuitton, Gucci, until recently, the Chinese people to buy a half, all handbags. According to the British HSBC is one of China's more than 25% of luxury goods in the world.
Bloomberg reports.
However, times are changing. As in Europe and the United States, China began one that takes a more conservative luxury but great brand blaffiga and other visible signs. As the Chinese market of luxury cars has changed and is no longer just "bling" a meeting of analysts.
The new flavors losing important is the first to enter the market, and actively expand the players with many new stores in the country. It is, for example, Replica Louis Vuitton, Gucci, Omega watch brand, reported Bloomberg.
This segment is expected to remain in China is supposedly the domain of absolute luxury car, the highest price is expensive. France Hermes (Hermes), which makes silk scarves and bags. The company recently raised sales forecasts for this year and Hermes Chinese growth should not discount the future. Patrick Thomas, CEO of the company to protect its luxury image, the more difficult to open new stores in China and the world. Is planned to open 20 new stores over the next five years, Hermes, in total, he told Bloomberg.
Elsewhere in lyxsektorn, but heavier. British Burberry recent profit warning for the year, the company saw a significant slowdown in sales recently. Just a slowdown in sales, specifically mentioned.
All recent weeks, lyxaktier profit warnings Burberry, a certain pressure. But few companies can still have a strong rebound this year.
The winner is Italian rival Prada, Burberry traded on the Hong Kong Stock Exchange. It has increased by about 70 percent so far this year.
Prada interim report Monday. This year, the first six months of the year, the net profit of the company increased by 60% and Prada has also maintained its growth forecast comparable sales by 15%.