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Coach's profit falls on continued weakness in North America

People walk past a Coach store on Madison Avenue in New York, January 23, 2013. REUTERS/Carlo Allegri
People walk past a Coach store on Madison Avenue in New York, January 23, 2013. REUTERS/Carlo Allegri

(Reuters) - Leather goods maker Coach Inc reported a lower first-quarter profit due to continued weakness in sales in North America, its biggest market.

The company's North America sales fell 1 percent in the quarter ended September 28. Overall sales also fell 1 percent to $1.15 billion.

Net income slipped to $217.9 million, or 77 cents per share, from $221.4 million, or 77 cents per share, a year earlier.

(Reporting by Maria Ajit Thomas in Bangalore and Phil Wahba in New York)

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