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Forbes reports that Coach has skittered past the recession slumps of recent years and has even jumped 21% in profits in its 2012 fiscal third quarter. And they do it by targeting three consumer sweet spots: young girls, dudes, and Asians. Their recently launched, more affordable Poppy line featured bright colors and bolder designs that "appealed to the aesthetic of a younger fashionista," plus they added menswear to retail stores. The brand is also is taking control of its wholesale and retail distribution from Taiwan to Singapore. Luxury handbag companies, take notes. [Forbes]