Anna Nicolaou and Richard Blackden Coach shares were backin fashion yesterday, rising6 percent in morning trading on Wall Street. The once high-flying handbag retailer, which has been struggling to turn sales round for two years, reported another drop in quarterly sales and profits but the results were better than analysts feared For the fiscal first quarter sales came in at $1.03bn, compared with $1.04bn in the same period last year. Net income fell from $119.1m to $96.4m from a year ago. Coach brand sales in North America fell 11per cent to $561m duringthe period, but is a smaller drop thanin that previous quarters. The shareshave fallen 15 per cent this year. Investor hopes were further fanned