Coach's DeMattei Assumes Expanded Role Leading U.S. Retail and Wholesale Businesses.Business Editors NEW YORK--(BUSINESS WIRE)--March 7, 2002 Coach, Inc. (NYSE NYSE See: New York Stock Exchange : COH CoH City of Heroes (gaming) CoH Company of Heroes (game) COH City of Hope COH Court of Honor (Boy Scouts of America) COH Controlled Ovarian Hyperstimulation ), a leading marketer of modern classic American accessories, announced today that it will combine its U.S. retail and wholesale business units under the leadership of Dave DeMattei, President, North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. Retail and Wholesale Divisions, effective immediately. Mary Wang, President, U.S. Wholesale, will continue to lead the U.S. Department and Specialty Stores and Corporate Sales teams, reporting to Mr. DeMattei. Mr. DeMattei joined Coach as President, Retail Division in July, 1998. Since joining the company he has spearheaded the transformation of U.S. Coach stores to a more modern and inviting format and is directing the company's accelerated U.S. retail store expansion program. Mr. Lew Frankfort, Chairman and Chief Executive Officer of Coach, Inc., said, "As our brand continues to gain momentum in the marketplace, the ability for us to develop and execute coordinated strategies across all business units takes on increased importance. Combining our principal U.S. businesses, Retail and Wholesale, will enable us to present an even more integrated brand image to our consumer." "I am particularly pleased to announce the promotion of Dave DeMattei, who will assume responsibility for leading our U.S. Retail and Wholesale businesses, effective immediately. Under Dave's leadership over the last few years, we have rejuvenated re·ju·ve·nate tr.v. re·ju·ve·nat·ed, re·ju·ve·nat·ing, re·ju·ve·nates 1. To restore to youthful vigor or appearance; make young again. 2. our retail proposition, providing a showcase for the brand. Similarly, during her tenure, Mary Wang and her team have repositioned the U.S. Department store business by updating the assortment to reflect the new world of Coach and implementing a key item strategy. I am confident that their partnership will yield remarkable results," continued Mr. Frankfort. "I am excited by the opportunity to better leverage merchandising and regional marketing strategies and speak with one voice to Coach consumers, wherever they choose to shop," said Mr. DeMattei. "I'm also looking forward to working more closely with Mary and her team in taking the brand forward in both these important distribution channels." Coach, with headquarters in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , is a leading American marketer of fine accessories and gifts for women and men, including handbags, women's and men's small leathergoods, business cases, luggage and travel accessories, footwear, watches, outerwear, jewelry jewelry, personal adornments worn for ornament or utility, to show rank or wealth, or to follow superstitious custom or fashion. The most universal forms of jewelry are the necklace, bracelet, ring, pin, and earring. , furniture and related accessories. Coach is sold worldwide through Coach stores, select department stores This is a list of department stores. In the case of department store groups the location of the flagship store is given. This list does not include large specialist stores, which sometimes resemble department stores. and specialty stores, through the Coach catalogue in the U.S. by calling 800-262-2411 and through Coach's website at www.Coach.com. Coach's shares are traded on The New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. under the symbol COH. |
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