Coach 2009 Annual Report Download - page 14

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TABLE OF CONTENTS
AVAILABLE INFORMATION
Our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and all amendments to these
reports filed or furnished pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934, are available free of charge on our
website, located at www.coach.com, as soon as reasonably practicable after they are filed with or furnished to the Securities and Exchange
Commission. These reports are also available on the Securities and Exchange Commission’s website at www.sec.gov. No information
contained on any of our websites is intended to be included as part of, or incorporated by reference into, this Annual Report on Form 10-K.
The Company has included the Chief Executive Officer (“CEO”) and Chief Financial Officer certifications regarding its public
disclosure required by Section 302 of the Sarbanes-Oxley Act of 2002 as Exhibit 31.1 to this report on Form 10-K. Additionally, the
Company filed with the New York Stock Exchange (“NYSE”) the CEO’s certification regarding the Company’s compliance with the
NYSE’s Corporate Governance Listing Standards (“Listing Standards”) pursuant to Section 303A.12(a) of the Listing Standards, which
indicated that the CEO was not aware of any violations of the Listing Standards by the Company.
ITEM 1A. 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” at the beginning of this report. The risks described below are not the only ones we
face. Additional risks not presently known to us or that we currently deem immaterial may also have an adverse effect on us. If any of
the risks below actually occur, our business, results of operations, cash flows or financial condition could suffer.
The current economic conditions could materially adversely affect our financial condition and results of operations.
The current uncertain economic conditions are having a significant negative impact on businesses around the world. Our results can be
impacted by a number of macroeconomic factors, including but not limited to consumer confidence and spending levels, unemployment,
consumer credit availability, fuel and energy costs, global factory production, commercial real estate market conditions, credit market
conditions and the level of customer traffic in malls and shopping centers.
Demand for our products is significantly impacted by negative trends in consumer confidence and other economic factors affecting
consumer spending behavior. The general economic conditions in the economy may continue to affect consumer purchases of our products
for the foreseeable future and adversely impact our results of operations.
The growth of our business depends on the successful execution of our growth strategies, including our efforts to expand
internationally.
Our growth depends on the continued success of existing products, as well as the successful design and introduction of new products.
Our ability to create new products and to sustain existing products is affected by whether we can successfully anticipate and respond to
consumer preferences and fashion trends. The failure to develop and launch successful new products could hinder the growth of our
business. Also, any delay in the development or launch of a new product could result in our not being the first to market, which could
compromise our competitive position.
Additionally, our current growth strategy includes plans to expand in a number of international regions, including Asia and Europe. We
currently plan to open additional Coach stores in China, and we have entered into strategic agreements with various partners to expand our
operations in Europe and to take control of certain of our retail operations in the Asia-Pacific region. We do not yet have significant experience
operating in these countries, and in many of them we face established competitors. Many of these countries have different operational
characteristics, including but not limited to employment and labor, transportation, logistics, real estate, and local reporting or legal
requirements.
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