Julia La Roche is a news associate for CNBC.com. She studied broadcast journalism at the University of North Carolina–Chapel Hill. While at UNC, she contributed to the award-winning student-run newscast "Carolina Week" as a reporter and served on the production crew. Outside of academic life, she was a member of the university’s equestrian team competing in the Intercollegiate Horse Show Association. In 2007, she was a guest on CNBC's “The Big Idea” with Donny Deutsch for her and her younger sister's business, Flea Tea, Ltd., the all-natural, non-toxic flea remedy for cats and dogs.
While wary consumers have been tightening their purse strings this year, leather goods maker Coach experienced a sales pickup by offering lower price points and targeting rapid expansion in China, according to CEO Lew Frankfort.
Retailers will be rolling out the usual holiday sales this July 4th weekend, but the effort may be aimed more at holding onto existing customers than boosting sales.