Shares of Coach Inc (NYSE:COH) ended Wednesday session in red amid volatile trading. The shares closed down -0.82 points or -2.26% at $35.47 with 7.92 million shares getting traded. Post opening the session at $35.20, the shares hit an intraday low of $34.55 and an intraday high of $35.66 and the price vacillated in this range throughout the day. The company has a market cap of $9.64 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 red amid volatile trading. The shares closed down -0.24 points or -0.43% at $55.13 with 7.62 million shares getting traded. Post opening the session at $55.16, the shares hit an intraday low of $54.93 and an intraday high of $55.56 and the price vacillated in this range throughout the day. The company has a market cap of $91.45 billion and the numbers of outstanding shares have been calculated to be 1.35 billion shares.
Nike Inc (NKE) on August 23, 2016 launched a significant update to its popular new Nike+ Run Club app, which gives athletes access to a new adaptive coaching feature, expert guidance from the world’s best athletes and coaches and unrivaled motivation and community – all designed to make running easier and a lot more fun.
“Through the new Nike+ Run Club app, we’re serving a running community that spans the globe with the most innovative and personalized experiences we’ve ever offered to runners,” said Nikki Neuburger, VP, Global Running Brand. “We’ve thoughtfully considered and updated how we surround runners with everything and everyone they need to reach their full potential and have more fun with the sport, from coaching plans that adapt to meet their needs, to inspiration, motivation and a community of million to run with.”