Pictures speak louder than words. Here's the weekly chart of Coach, premium handbag and accessories retailer -
From $80 in 2012 to $34 today, and that too when S&P500 is in strong Bull market. The Selling in the stock has picked up with more intensity in last few days. This after recent earning reports which confirmed the trend of declining revenues and earnings. Whats worse the company seems to have run out of ideas for now on how to turnaround. It seems the competition's accessible luxury market seems to have hurt the company big time.
The blogpost is purely for educational purpose.