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Coach, Inc.
Type
Public (NYSE:COH)
Founded
Manhattan, New York City (1941)
Headquarters
516 West 34th StreetNew York, New York 10001United States
Key people
Lew Frankfort, CEO, Sara Bareilles Model, Ayako Chan designerReed Krakoff, President, Allison Mariko Lee assistant designerMichael F. Devine III, CFO
Products
Handbags, women's and men's accessories, cases, watches, footwear, eyewear.
Revenue
$2.61B USD (2007)
Operating income
$993.4M USD (2007)
Net income
$663.7M USD (2007)
Employees
approx. 10,100 (06/30/2007)
Website
www.coach.com

Coach, Inc. (NYSE:COH) is an American luxury leather goods company known for ladies' handbags, as well as items such as luggage, briefcases, wallets and other accessories (belts, shoes, scarves, umbrellas, sunglasses, key chains, etc.). Coach also offers watches and footwear.
History
Coach began as a family-owned business in a loft in Manhattan, New York in 1941 with American designer Bonnie Cashin. In 1960, Miles and Lillian Cahn, owners of a wholesale handbag manufacturing business, asked Cashin to become designer of a proposed retail collection. As Cashin was initially too busy with other design contracts, she did not become their designer until 1962.
In developing accessories for her style of contemporary dress, Cashin dramatically changed handbags with designs akin to modern sculpture, dyed in candy colors of pink, orange, yellow and blue, and lined with linens designed by textile designer Dorothy Liebes. With a greater variety of shapes, colors and textures in her "Cashin-Carry" designs, many featured wide openings or exterior coin purses and pockets. Coach Incorporated is now considered to be a very "fashion-forward" brand and is commonly sold and purchased throughout the country.
Cashin designed matching shoes, pens, key fobs and eyewear and added hardware to her clothes and accessories alike, particularly the silver toggle that became the Coach hallmark, declaring that she had been inspired by a memory of quickly fastening the top on her convertible sports car.
Collections
The company maintains a profit margin several times higher than competitor designer brands. With its longer production runs and lower-cost production facilities in countries such as China and the Dominican Republic, Coach is able to take better advantage of economies of scale than its higher-priced and less profitable counterparts.
There are currently 25 stores that carry full Coach collections, including women's footwear, men's bags and briefcases and now the women's ready to wear line and also the new jewelry line. Six are located in New York City and two in Honolulu. Other locations are in Nashville, Atlanta, East Hampton, Greenwich, Houston, Omaha, NE, Boston, Los Angeles, New Orleans, Manhasset, Natick, Palo Alto, San Jose, Philadelphia, Pittsburgh, San Diego, San Francisco, Scottsdale, Seattle, Troy, Washington, D.C., Edina, Minnesota, Bloomington, Minnesota, and The Westchester shopping mall. There is also an outlet of the popular store in Sandestin's Silver Sands and in Woodbury Commons Premium Outlets in New York. These outlets provide these quality Coach products at a factory price, rather than retail. Factory prices are cheaper than retail.
Notably in Canada, there are now nine stores in Ontario with seven of the stores in the Toronto area, one at Yorkdale, Sherway Gardens, Square One, The Promenade Shopping Centre, Toronto Eaton Centre, Shops at Don Mills, and on Bloor Street in the prestigious and upscale Yorkville area, the eighth store is located in Ottawa at the Rideau Centre and the ninth is located in Windsor at Windsor Crossings Outlet Mall. There are two in Alberta, one at West Edmonton Mall in Edmonton, and the other in Southcentre Mall in Calgary; and four in British Columbia, one at Metropolis in Metrotown, Oakridge, Pacific Centre, and on Burrard Street in the heart of Vancouver's downtown and financial district.
External links
Official Coach website
Categories: Companies listed on the New York Stock Exchange | Fashion accessory brands | Clothing companies of the United States | Companies based in New York City | Companies established in 1941
Hidden categories: Articles lacking sources from December 2007 | All articles lacking sources(and so on)