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Women's fall fashion trends shot on location at Graydon Manor in Toronto on August 7th, 2008. Stella McCartney sweater dress, $1,395. Pumpkin tights, H&M. Lucien Pellat-Finet scarf, $830. Bronze leather bag, $1,280 at Coach.
Women's fall fashion trends shot on location at Graydon Manor in Toronto on August 7th, 2008. Stella McCartney sweater dress, $1,395. Pumpkin tights, H&M. Lucien Pellat-Finet scarf, $830. Bronze leather bag, $1,280 at Coach.
(Simon Hayter/The Globe and Mail)

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Coach results blamed on U.S. consumer retreat

U.S. earnings results have provided some optimistic signs in terms of revenue growth, but a disappointing report from Coach Inc. on Tuesday highlighted a less welcome trend – an increasingly miserly U.S. consumer.

Coach management cited weak demand in North America for quarterly profits that missed analyst estimates by five and a half cents per share at $1.23 (U.S.). Sales were even worse, missing expectations by over six per cent.