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Handbag maker Coach posts first sales growth in 10 quarters

from Reuters

Handbag maker Coach Inc's revenue rose for the first time in 10 quarters, helped by strong sales of its Stuart Weitzman-branded shoes and sustained growth in China, where the company managed to shake off the effects of a slowing economy. Shares of the company, which also reported a better-than-expected second-quarter profit, rose as much as 12 percent to $33.96. more


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