Coach, Inc. (ticker: COH, exchange: New York Stock Exchange (.N))
News Release -
Coach Japan to Win Mainichi Fashion 'Award of the Year'; Company to Receive People's Choice Award of 2004
NEW YORK--(BUSINESS WIRE)--Aug. 20, 2004--Coach, Inc. (NYSE: COH),
a leading marketer of modern classic American accessories, today
announced that Coach Japan has been selected as the recipient of the
"People's Choice Award" to be presented at the 22nd Mainichi Fashion
Awards in a ceremony in Tokyo on September 14, 2004. This Award is
presented to a company or brand whose activities contributed in a
significant way to fashion culture and had an impact on Japanese
Ian Bickley, President and Chief Executive Officer of Coach Japan,
Inc., said, "I'm delighted that Coach Japan has been designated to
receive this prestigious award. Our selection by both a survey of
Mainichi Newspaper readers, as well as the nominating committee,
speaks to the strength of the Coach brand and our growing popularity
among Japanese consumers. It also reflects the continued enthusiasm
that the Japanese have shown towards our fresh and relevant offering,
consistent product flow and distinctive newness, as innovation is key
with this important consumer group."
Over the last three years, since establishing Coach Japan, Coach
has been the fastest growing imported handbag and accessory brand in
Japan, and it now enjoys the number two market share position. Due to
the success of the company's three recently-opened flagships in the
Ginza, Shibuya and Marunouchi sections of Tokyo, Coach has accelerated
plans for additional flagship locations in Osaka, Sapporo and Sendai
to be opened before the end of this year.
Lew Frankfort, Chairman and Chief Executive Officer of Coach,
Inc., added, "It is an honor to receive such an important award.
Naturally, we're very pleased that Coach is so widely appreciated by
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,
weekend and travel accessories, footwear, watches, outerwear, sunwear,
and related accessories. Coach is sold worldwide through Coach stores,
select department stores and specialty stores, through the Coach
catalog 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 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 for a complete list of risk
Analysts & Media
Andrea Shaw Resnick, 212/629-2618
SOURCE: Coach, Inc.