NEW YORK CITY-Tough overall economic conditions are not dissuading the management of Coach Inc., and they are planning an overall goal of 500 retail stores throughout North America. The company, with 282 retail stores, not counting 99 factory outlets, will open 40 stores annually over the “next several years,” said Lew Frankfort, Coach’s chairman and chief executive officer, during its Q2 conference call.

The company is also planning more international growth and recently signed an agreement to enter Russia, where executives are planning 15 units over the next five years. Additionally, this summer the retailer will open its first flagship store in Hong Kong, where the company currently has 13 locations.

In Japan, Coach’s second-largest market with 147 units, the retailer has 10 new stores planned for the second half of the year. During the first half, the company closed one store while it opened one and expanded four.

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