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$COH said that one of the company's key strategic initiatives in the year ahead will be elevating the coach brand in the North America wholesale channel. In FY17, the company said it will be rationalizing its department store distribution, taking the door countdown by about 25% or by over 250 locations.
No better outlook on $MSFT. Even if the results beat a bit, the stock may move 4 to 6% higher, but won't go above $60.