The locally-based company, which opened seven North Americanretail stores and three factory outlets during the second fiscalquarter of 2007, said the 10 additional stores planned for NorthAmerica were a result of several multi-store portfolio deals withdevelopers. The firm, which currently has 237 retail stores and 90factory locations, also opened two retail stores in Japan duringthe three month period ended Dec. 30.
"Clearly the Coach brand has reached a new level of popularityamong North American consumers," Lew Frankfort, Coach's chairmanand chief executive officer, said in a conference call withanalysts.
Frankfort says continued double digit category growth combinedwith an expanded customer base and strong demand for the firm'sline of accessories, prompted the firm to boost its projected storeopenings for the year.
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