Coach As A Classic American Style Essay

Coach As A Classic American Style Essay

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As many of us women know about buying luxury handbags, shoes and accessories. There are many companies that sell luxuries materials that consumers buy to fulfil their wants. As of today consumers grab more towards luxury material because they last longer and they are branded. These luxury material are not cheap instead they are beyond expensive, but consumer still continue to buy them. Due to consumer these luxuries companies are in business.
As a owner of coach items I have researched them before I bought my first handbag by them. I have been reading so much about Coach before I bought my purse. I love reading about coach because I to want to own a company that started from so little to establishing this much. Coach is one of my go to luxury items that I choose to wear or use. Coach is defined as a classic American style, which has very unique style and quality. Coach brand has expanded and has became a very known company. The company started in 1941 by a family in Manhattan, they were making small goods that were made by leather. The family of six made items by hand which included wallets and billfolds. According to Fundinguniverse website from 1946-1950 new member Miles cahn start to run the factory, he decided to make better and stronger leather similar to the baseball gloves.In 1960 coach launched a new style purse, which became company’s signature style.This was Cahn wife idea to start a line of purses which became vdery sucessfull. It was the purses that gave the company its name.
In 1961 Miles cahn buys the company which brought great success to coach inc. Coach opened their first store, which expanded the business. In this year coach made many handbags in those trends that were at that time trendy. Coach produced bags ...

... middle of paper ...

...income is something that includes anything from office supplies and power. All these add up to net income which is the company 's total earning.
Coach has a 3.00 of current ratio and 2.42 of quick ratio. Current ratio is a liquidity and efficiency ratio which gives ability to see if short-term liabilities can be paid off with current assets.This measure if the company can pay off their short term liabilities. With a 3.00 current ratio coach is able to pay of any of their short-term liabilities. According to investopedia “The quick ratio is an indicator of a company’s short-term liquidity. The quick ratio measures a company’s ability to meet its short-term obligations with its most liquid assets” this describe what a quick ratio is and what it measures. As of now coach is at a good position by having 2.42 of liquid assets to cover each dollar of current liabilities.

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