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