Macy's and Nordstrom are becoming Coach's worst nightmare

After years of struggling, Coach has executed a turnaround.
For the fourth quarter of fiscal 2016 net sales were up 15%. For the full year, net sales were up 7%.
But one aspect of Coach's business is seriously slowing down its revival: department stores.
In fact, North American department store net sales dropped 7% to 9%, according to a release.
"This sharp reduction reflects the actions Coach has taken to reduce its exposure to the department store channel, but it also underlines