Coach Inc. reported strong demand for higher-priced handbags at its retail stores and said it would slash its business with department stores, as the fashion company works to wean customers off discounts. Sales at the handbag maker’s existing North American stores grew for the first time in more than three years in its latest quarter, evidence that the company’s turnaround is starting to take hold. Coach Chief Executive...

Source: Wall Street Journal August 09, 2016 12:27 UTC