It may have been a quiet season in New York, where there was more drama about the locations – from a wrecked passage in Chinatown to Ralph Lauren’s garage in Bedford – but several key trends were clear.
Saks Fifth Avenue, Coach and Kate Spade partner Tulip raised $40 million in funding led by Kleiner Perkins. The mobile app provider plans to put its funding towards international expansion and innovation.
Coach Inc forecast full-year revenue below Wall Street estimates as the bag maker's efforts to pull out products, including those of newly acquired Kate Spade, from department stores hits sales, sending its shares down.
More than a month after it presented pictures of its first campaign with Selena Gomez, Coach has unveiled the collaboration with the American singer and actress, with the launch of the "Coach x Selena Gomez" collection.