Wall Street shares ended Tuesday little changed, but the dollar rose on the back of strong retail sales figures.
The Commerce Department said retail sales jumped 0.6% last month, the biggest increase since December.
In addition, the retail sales figures for June were revised to show a 0.3% rise instead of the previous estimate of a 0.2% drop.
In response, the dollar hit a near three-week high against a basket of major currencies.
Shares in Coach sank 15% after the handbag maker's full-year sales forecast fell short of analysts' expectations.
The company said it expected revenues for the 2018 financial year to be between $5.8bn and $5.9bn, whereas analysts had been predicting a figure above $6bn.
Dick's Sporting Goods plunged 23% after sportswear retailer's sales and profits in the second quarter came in below expectations.