victor luis came in and hit the ground running with an overhaul of the brand and the business. he closed underperforming stores in smaller metro areas, shifted the company's focus toward major north american markets. he redesigned many of the key products. he overhauled the company's e-commerce business. he also started installing shop managers at coach's shop-within-a-shop department store locations. stores lately. they look much better than they used to. best of all, he wisely snapped up stuart weitzman for $574 million in cash. it had been part of a private equity firm in january of 2015. that gave him a coveted luxury footwear brand to go with the bags. by the time coach reported at the end of this january, the numbers were beginning to reflect real strength from all of these changes. i was convinced the turnaround was truly to him. so what happened since then? while the stock has gone on a roller coaster ride, falling back to $35 friday before bouncing up to $36 today, the fact is that coach's fundamentals have continued to improve. considering late april, coach reported a