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Coach Continues Domestic, Asia Expansion

NEW YORK CITY-The handbag retailers is still in the works to open 46 stores in North America this year, and executives continue to aim for 500 total units.

By Debra Hazel | Updated on October 22, 2008

NEW YORK CITY-Despite a slowdown in the United States, Coach continues to expand in North America, while making major plans in Asia, executives said at the company’s first quarter conference call.

The company still plans to open 46 retail stores this year in North America, consisting of 40 full-price stores and six outlets, including 14 market debuts. In time, North American can support 500 retail stores, including “at least” 20 in Canada, said Lew Frankfort, chairman and CEO.

“We have been careful to open new stores in a very balanced way,” said Michael Tucci, president, retail division, North America, adding that next year’s openings are geared toward new markets.

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