Coach 2013 Annual Report Download - page 19
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TABLE OF CONTENTS
Our business is subject to increased costs due to excess inventories if we misjudge the demand for our products.
Our North American wholesale business could suffer as a result of consolidations, liquidations, restructurings and other
ownership changes in the retail industry.
We rely on our licensing partners to preserve the value of our licenses and the failure to maintain such partners could harm our
business.
Business — Products
Our operating results are subject to seasonal and quarterly fluctuations, which could adversely affect the market price of Coach
common stock.
If we are unable to pay quarterly dividends at intended levels, our reputation and stock price may be harmed.