Coach Inc was incorporated in the State of Maryland on June 1, 2000. The Company is a New York design house of modern luxury accessories and lifestyle collections. Its product offerings, manufactured by third-party suppliers, include women's and men's bags, women's and men's small leather goods, business cases, footwear, wearables including outerwear, watches, weekend and travel accessories, scarves, sunwear, fragrance, jewelry, travel bags and other lifestyle products. The Company operates in two segments; North America and International. The North America segment includes sales to North American consumers through Coach-operated stores (including the Internet), and sales to wholesale customers and distributors. The International segment includes sales to consumers through Coach-operated stores (including the Internet) and concession shop-in-shops in Japan and mainland China, Coach-operated stores and concession shop-in-shops in Hong Kong, Macau, Singapore, Taiwan, Malaysia, South Korea, the United Kingdom, France, Ireland, Spain, Portugal, Germany and Italy, as well as sales to wholesale customers and distributors in approximately 35 countries. The Company faces competition from European and American luxury brands as well as private label retailers, including some of its wholesale customers. Its imported products are subject to existing or potential duties, tariffs or quotas that may limit the quantity of products that it may import into the U.S. and other countries or may impact the cost of such products.
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