Coach Continues Growth

NEW YORK CITY-Accessories retailer Coach is continuing its steady retail expansion in the US and plans to open about 100 stores over the next four-to-five years, bringing its total to 300. The company currently operates 185 units and opened six during its latest financial quarter, its Q2, which ended Jan. 1.

In the remainder of its fiscal year, half of which is over, Coach plans to open nine new stores in six new markets and is expanding its flagship store here, at 52nd Street and Madison Avenue, by 3,000 sf, bringing it to 9,700 sf. (A temporary unit is open on 57th Street.) The company is also expanding stores at other high-profile locations, including stores in Boston, Hawaii and White Plains.

Other than US retail stores, locally based Coach operates 81 outlet units domestically, as well as 107 retail stores in Japan. In Japan, the company opened eight new stores over its last quarter. This year it plans to open 10 new stores in that country.