One of the bags that caught my attention is this vintage Hermes 20cm Mini Kelly in grey ostrich. It was evident this bag had a story to tell. Without an exact marking, the bag is dated back to the 1960′s. It is said to be very rare and designed for a child to wear while her mother carried a larger Hermes Kelly (it will be part of the Tuesday sale).
Luxurious bag maker Coach said income rose in the fiscal fourth quarter helped by development in China and people buying more high-end Hermes Kelly 35 handbags in North America, but shares fell due to falling margins.
During Tuesday afternoon trade, Coach lost $4.19, or 6.42% to $61.10 on the New York Stock Exchange, as dwindling margins are a concern for a few analysts.The company, which makes upscale bags, watches and footwear, posted profits of $202 million, or 68 cents per diluted share, versus $195.5 million, or 64 cents per diluted share, in the year ago period.
Sales at Coach Japan fell 7% impacted by the after effects of the earthquake and tsunami, the company said in a statement.Coach said sales in China continued to be exceptional with same Hermes store sales rising at a double-digit rate, which helpe counterbalance the impact of higher costs and a slowdown in Japan that resulted from your March 11 earthquake and the tsunami.