THE NEWS: Coach Inc. said Tuesday that its fourth-quarter net income rose 4 percent, helped by people buying more expensive handbags in North America. The luxury bag maker's revenue rose 9 percent to $1.03 billion.
THE DETAILS: Revenue in stores open at least one year rose 10.1 percent in North America. The figure is considered a key measure of a retailer's financial health because it excludes the volatility from stores that opened or closed during the year.
THE CONTEXT: The luxury sector continues to recover more quickly than other parts of the retail industry, which is wrestling with consumer fears about unemployment and stagnant home prices.