Coach 2004 Annual Report Download - page 13

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Table of Contents
RISK FACTORS
You should consider carefully all of the information set forth or incorporated by reference in this document and, in particular, the
following risk factors associated with the Business of Coach and forward-looking information in this document. Please also see
“Special Note on Forward-Looking Information” on page 2.
If Coach is unable to successfully implement its growth strategies or manage its growing business, its future operating results
could suffer.
 
 

  

Coach’s inability to respond to changes in consumer demands and fashion trends in a timely manner could adversely affect its
sales.
 
 
 

If Coach misjudges the demand for its products it may incur increased costs due to excess inventories.
 
  
 
Competition in the markets in which Coach operates is intense, and our competitors may develop products that are more
popular with consumers.
 
  
 
 
  
 

A downturn in the economy may affect consumer purchases of discretionary luxury items, which could adversely affect
Coach’s sales.
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  
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