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Coach is the new 'cool girl' brand for Gen Z
  + stars: | 2023-08-10 | by ( Grace Mayer | ) www.businessinsider.com   time to read: +3 min
After years of sluggish sales, Coach is seeing regained interest from Gen Z consumers. Gen Z increased its spending on Coach by 10% so far this year, according to a new report. According to a consumer spending report from Earnest Analytics, consumers under the age of 25 increased their spending on the Coach brand by 10% from January through June of this year. Once self-touted as "accessible luxury," Coach has since updated that message and its offerings to reinvent itself. In doing so, it hoped to tap into Gen Z and Millennial shoppers' values and re-elevate its luxury status.
Persons: Gen, Lil Nas, Earnest, Camila Mendes, Joon Silverstein, Coach's, Silverstein, Z, Todd Kahn, Nas X, Kate Spade, Stuart Weitzman, Michael Kors, Jimmy Choo, Versace Organizations: Service, Vogue Business, Business, Fashion, Capri Holdings, Capri Locations: Wall, Silicon, Riverdale, American, York
He said inflation is measured using a "market basket" of goods and services. The CPI can't fully explain inflation's rise — some price increases go to corporate profits, he says. Our own experience as consumers informs us that prices on various goods and services are rising, and the inflation rate, derived from the CPI, confirms that our experience is true. But what the CPI can't explain — at least, not fully — is how and why inflation is rising. The United Kingdom, for example, reported a 5.4% inflation rate in December.
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