Coach Announces U.K. Distribution Agreement.Business Editors 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, today announced an agreement with Case London Ltd. for the exclusive distribution of Coach products in the United Kingdom and Ireland. Over the next three years, Case London, a privately held British retailer and distributor of fine accessories and luggage, plans to open up to 25 Coach locations in the U.K. Retail sales are expected to build to more than $20 million during this period. Case will develop a multi-channel distribution strategy consistent with the successful Coach model in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and Japan. In addition, Case will assume the responsibility of operating the existing Coach store on Sloane Street Sloane Street is a street in London which runs north to south, from Knightsbridge to Sloane Square, crossing Pont Street about half way along. It forms the boundary between the exclusive districts of Knightsbridge, Belgravia, and Chelsea. and the Coach shop in Harrods. Peter Emmerson, President, Coach International said, "We are delighted to announce the appointment of Case London as Coach's exclusive distributor for this market. Case has built solid relationships with key retailers and has significant in-market brand building and merchandising expertise. In addition, they bring credibility and organizational strength to this alliance. Case management shares our vision that the Coach concept of accessible luxury with a 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 attitude will appeal to both the British consumer and tourists, and offer an alternative to the established European brands. Further, we see this U.K. development as a strategic step for future expansion into Continental Europe Continental Europe, also referred to as mainland Europe or simply the Continent, is the continent of Europe, explicitly excluding European islands and, at times, peninsulas. ." Stephen Spitz spitz Any of several northern dogs, including the chow chow, Pomeranian, and Samoyed, characterized by a dense, long coat, erect pointed ears, and a tail that curves over the back. In the U.S. , Managing Director of Case London, said, "We are excited and honored to a be a part of Coach's expansion into Europe. Their brand strength is evidenced throughout their product offering. We believe that the unique balance of Coach's modern American styling and classic craftsmanship brings freshness to the handbag and accessories market in the U.K. and will be embraced by British and European consumers alike. We are confident that, together with Case's infrastructure and extensive network in the retail sector in the U.K., Coach will prosper in this increasingly important market for luxury brands." Case, with head offices in London, is a private company representing and retailing premier accessory and luggage brands. The company currently operates 18 stores in the United Kingdom, including exclusive concessions in 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. , as well as freestanding stores in major towns throughout the U.K. Coach, with headquarters in New York, 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, furniture and related accessories. Coach is sold worldwide through Coach stores, select department stores and specialty stores, through the Coach catalogue in the U.S. by calling 1-800-223-8647 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. This press release contains forward-looking statements based on management's current expectations. These statements can be identified by the use of forward-looking terminology such as "may," "will," "should," "expect," "intend," "estimate," "are positioned to," "continue," "project," "guidance," "forecast," "anticipated," or comparable terms. Future results may differ materially from management's current expectations, based upon risks and uncertainties such as expected economic trends, the ability to anticipate consumer preferences, the ability to control costs, etc. Please refer to Coach's latest Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for a complete list of risk factors. |
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