Coach, the iconic high-fashion women’s handbag maker has seen better days. Apparently, people aren’t as excited about fancy handbags anymore. Coach has seen declined for six straight quarters and it is losing market share to Michael Kors and Kate Spade. In response, Coach has been moving beyond handbags and is striving to become a general lifestyle brand, according to Forbes. The company has dramatically expanded its menswear segment, which now comprises 23% of Coach’s offerings, up from 15%, according to Forbes.
Coach’s next step could be to move into footwear, and for this, Coach might consider making an acquisition. Stuart Weitzman would be a good purchase for Coach. The shoe company is growing at a 15-20% annual clip and since it is vertically integrated with its own factories, the company is able to charge lower prices and ship products easily. Stuart Weitzman has 45 stores in the U.S. and 67 outside of the U.S. Analysts value the company at between$600 million and $700 million.
Stuart Weitzman, who is in his 70s, began designing shoes for career women and housewives, but recently, his designs have graced the feet of celebrities such as Jennifer Lawrence, Angelina Jolie and Kate Middleton, the Duchess of Cambridge. One of his most popular style is the nudist, which is a shoe that leaves the feet almost completely bare, but with the heel completely at the back. The Nudist is available as a heel or a sandal. “This is a style that has been in the shoe industry for many years,