Coach and Ralph Lauren Corp. post China sales gains above 30%

Luxury spending is shifting: The Business of Fashion reports that certain handbags from Louis Vuitton and Chanel became around 50 percent to more than twice as expensive in China between 2019 and 2023. It also places bagmaker Songmont in Coach’s price tier, with designs that combine Chinese historical storytelling and leather craftsmanship.

Coach’s business in China has scale. According to The Business of Fashion, its store network covers 90 cities, with more than 300 physical stores.

The Business of Fashion reports that Coach owner Tapestry Inc. increased revenue from greater China by 35% in the fiscal year that ended in June. The region contributed roughly 18 percent of Tapestry’s fiscal 2026 revenue.