Charting Review on Coach and Deckers Outdoor: Do these Companies Have What it Takes?
LONDON, January 28, 2013 /PRNewswire/ --
The holiday season posed a challenge to some companies in the footwear and accessories industry as heightened competition made the environment increasingly cutthroat. StockCall professionals have initiated preliminary technical research on Coach Inc. (NYSE: COH) and Deckers Outdoor Corp. (NASDAQ: DECK). These detailed charting and technical analysis are available for free upon sign up at http://www.stockcall.com/analysis
What's more as a result of the recent increase in payroll tax, consumer confidence lately reached its lowest level in three months, indicating that challenges may persist into 2013's first quarter. Nevertheless, Coach Inc. and Deckers Outdoor Corp. could turn in a solid year as the economies of the U.S. and China continue to display positive signs.
During the most recent quarter, high-end retailer Coach Inc. saw sales abroad soar, with Chinese operations enjoying a 40 percent increase. However, results from its largest market, North America, disappointed with a 2 percent decline in same-store sales. Overall the company reported net income of $353 million compared to $347 million a year ago with sales of $1.50 billion, up 4 percent year-over-year. Download your free report on Coach Inc. by registering for free at http://www.StockCall.com/COH012813.pdf
Elsewhere in the industry, Deckers Outdoor Corp. seems focused on improving and streamlining its growing global Direct-to-Consumer expansion. The company is implementing the Oracle Retail suite. The company's Vice President of Information Technology, Yul Vanek said in the release that implementing the Oracle Retail suite has added much needed capabilities to the very core of Deckers Outdoor business. This will support both regional and brand expansion, according to him. He also added that these initiatives enabled a complete transformation of how the company runs Retail. On the long-term, he declared that eCommerce operations will be integrated. Sign up to access the free report on Deckers Outdoor Corp. at http://www.StockCall.com/DECK012813.pdf
Deckers Outdoor has its earnings release scheduled on February 19th. Investors will soon see if this footwear and accessories company has what it takes to tread confidently.
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