We expect a steady increase in the number of Coach stores as the company attracts more customers to its affordable luxury handbags and accessories.

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In another quarter of the small luxury category, Coach has shown strength and growth on the back of its moderately priced luxury handbags and leather goods.

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The changes follow criticism of the leadership of Lord Triesman and the handling of a number of issues, including the gift of luxury handbags to the wives and partners of the 24 Fifa voters.

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The 2018 bid team has been criticised for purchasing luxury handbags, one for the wife or partner of each of the 24 Fifa voters, with Fifa vice president Jack Warner returning the gift, describing his wife as "sacrosanct".

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Coach is a leading American marketer of luxury lifestyle handbags and other fashion accessories for both men and women.

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Fossil, a seller of high-end watches, handbags and belts, competes with other luxury goods companies like Ralph Lauren, PVH Corp.

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New York-based Coach is a luxury brand best known for its leather goods, including handbags, suitcases, briefcases, shoes, wallets and other accessories.

FORBES: Coach Is A Keeper With Consistently Growing Dividend

The effect will be to wipe out a swathe of luxury imports from Italian pecorino cheese to British cashmere sweaters to Louis Vuitton handbags from France.

ECONOMIST: Going bananas

Rather than continuing to cut budgets, families will splurge on luxury items like Lululemon Athletica (LULU) workout gear and Coach (COH) handbags.

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