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Coach kicks off a turnaround plan as competition grows

Coach will close 70 stores and broaden its presence in its 12 strongest North American markets, as part of a turnaround plan the luxury brand will implement over the next 18 months. The retailer will also debut new ad campaigns and products in a push to fend off rising rivals including Michael Kors. Read the Crain’s New York Business/The Associated Press story here

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