Stuart Weitzman experienced a marginal sales increase to $88 million in the first quarter ended Oct. 1 from $87 million in the year-ago period, due to a change in the timing of wholesale deliveries The gross margin generated by the brand went up to 58.4 percent from 56.8 percent, but the operating margin fell to 5.8 percent from 8.8 percent. Coach, the parent company of Stuart Weitzman, reported a 22 percent increase in net income to $117 million for its quarter on one percent higher sales of $1.04 billion. Sales declined by one percent in constant currencies, due to a strategic decision to elevate the positioning of the Coach brand in the U.S., but they grew outside the U.S. The group's operating margin improved to 16.0 percent from 13.7 percent in the year-ago period. According to the Financial Times, there has been several attempts by Coach to acquire Burberry, but talks are no longer active and the situation is not expected to change in the immediate future.