Shares of Coach Inc (NYSE:COH) ended Wednesday session in green amid volatile trading. The shares closed up +0.19 points or 0.53% at $36.03 with 3.18 million shares getting traded. Post opening the session at $35.92, the shares hit an intraday low of $35.62 and an intraday high of $36.10 and the price vacillated in this range throughout the day. The company has a market cap of $10.02 billion and the numbers of outstanding shares have been calculated to be 278.94 million shares.
Coach Inc (COH) on July 14, 2016 announced the appointment of Wendy Kahn, as Chief Executive Officer and Brand President – Stuart Weitzman, effective September 13, 2016. Ms. Kahn will succeed Wayne Kulkin, the brand’s current Chief Executive Officer, who will become a consultant to Coach, Inc.
Ms. Kahn joins Coach, Inc. from Valentino Fashion Group, S.P.A., where she currently holds the position of Chief Executive Officer – Valentino, USA and V.F.G., USA & Canada, with full functional oversight of this subsidiary across all channels and areas of the businesses. Previously, Ms. Kahn served as Senior Vice President of Sales, Marketing & Retail for Valentino from 2006-2008. Prior to joining Valentino, from 1996-2006, Ms. Kahn held progressively more senior leadership roles at LVMH Moët Hennessy Louis Vuitton, at brands including Marc Jacobs, Celine and Pucci.
“Wendy’s success in developing global luxury brands and extensive general management experience make her the ideal candidate to lead Stuart Weitzman, building on the brand’s strong foundation,” said Victor Luis, Chief Executive Officer of Coach, Inc. “She is highly regarded as a brand champion and for her ability to drive growth in both wholesale and retail channels and across categories including footwear, apparel and accessories.”
“Coach is an exceptional company and Stuart Weitzman is a brand I’ve long admired, fusing fashion and fit, with a unique positioning at the gateway to luxury. I look forward to contributing to its growth and partnering with the entire leadership team,” said Ms. Kahn.
Shares of Nike Inc (NYSE:NKE) ended Wednesday session in green amid volatile trading. The shares closed up +0.47 points or 0.86% at $55.34 with 8.04 million shares getting traded. Post opening the session at $55.02, the shares hit an intraday low of $54.61 and an intraday high of $55.38 and the price vacillated in this range throughout the day. The company has a market cap of $92.72 billion and the numbers of outstanding shares have been calculated to be 1.35 billion shares.
Nike Inc (NKE) announced that it plans to release its first quarter fiscal 2017 financial results on Tuesday, September 27, 2016, at approximately 1:15 p.m. PT, following the close of regular stock market trading hours. Following the news release, NIKE management will host a conference call beginning at 2:00 p.m. PT to review results.
The conference call will be broadcast live over the Internet and can be accessed at http://investors.nike.com. For those unable to listen to the live broadcast, an archived version will be available at the same location through 9:00 p.m. PT, October 4, 2016.