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coach canada one factory outlet continue."We're in for an extended period of what will be relatively modest growth in terms of consumer spending," he said.The slowdown could also spread into other sectors.ET TU, COACH?The latest bad news about the consumer comes even from the luxury sector, which has typically held strong during periods of economic weakness.Coach on Tuesday forecast earnings in the current quarter at 68 cents a share, below the average analyst estimate of 70 cents posted by Reuters Estimates. stores, particularly in the past several weeks, said Chief Executive Lew Frankfort.Coach shares fell 11.4 percent to $36.74 on Tuesday on the New York Stock Exchange.On the other end of the spending spectrum, Wal Mart said it now plans only $14.7 billion to $15.4 billion in capital expenditures this fiscal year. That is down from an original forecast of $17 billion and even below the $15.5 billion ceiling the retailer set in June. expansion plans as sales at existing stores have slowed and it saturated many markets. earnings reports. The Blue Chip index was up 0.2 percent in early afternoon trading Tuesday.But earnings from operations also came in below analysts' estimates and the company said fewer customers came into its restaurants.Rising labor costs also hurt its earnings, the company said.IHOP shares fell $2.37, or 3.7 percent, to $61.16 and Brinker shares fell $1.25, 4.4 percent, to $27.01. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.Consumer revolution in IndiaIn this age of runaway consumerism, easy EMIs,