Company Profile For Coach, Inc.

Coach, Inc. (Coach)is a marketer of fine accessories and gifts for women and men. The Company offers lifestyle accessories. Coach’s handbags and accessories use a range of leathers, fabrics and materials. The Company’s product offerings include handbags, women’s and men’s accessories, footwear, jewelry, wearables, business cases, sunwear, travel bags, fragrance and watches. Coach operates in two business segments: Direct-to-Consumer and Indirect. The Direct-to-Consumer segment consists of channels that provide Coach with immediate, controlled access to consumers, including Coach-operated stores in North America, Japan, Hong Kong, Macau and mainland China, the Internet and the Coach catalog. Handbag collections feature designs, as well as fashion designs. Typically, there are 3 to 4 collections per quarter and 4 to 7 styles per collection. During the fiscal year ended June 27, 2009 (fiscal 2009), the Company acquired the Coach China from the ImagineX group.

BRIEF: For the thirteen weeks ended 26 September 2009, Coach, Inc.'s revenues increased 1% to $761.4M. Net income decreased 3% to $140.8M. Revenues reflect an increase in the income from direct-to consumer segment. Lower income was offset by a decline in the gross and operating profit margins, an increase in the selling, general & administrative expenses and the presence of interest expense, net vs. an income.