Coach raises FY China sales view to about $425M from previous view of $400M

theflyonthewall.com

Says internet business remains strong. Says men's business on track to grow about 50% globally this year to over $600M. Says square footage globally and across all channels will increase about 10%-11% in FY13; sees North America square footage up about 10%, China square footage about 35%, Japan net square footage growth about 10%. Says acquiring 50% interest in European JV, transaction to close in July. Says focused on expanding through partners in Latin America, Asia Pacific and Middle East. Comments made on the Q3 earnings conference call.

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