NEW YORK--(BUSINESS WIRE)--Oct. 21, 2004--Coach, Inc. (NYSE: COH), a leading marketer of modern classic American accessories, announced today the opening of a 5,100 square foot store, located within the new addition of The Forum Shops at Caesars Palace in Las Vegas.

"We believe that The Forum Shops provide a perfect venue for our latest flagship location, enabling us to significantly enhance our market share in Las Vegas," said Mike Tucci, President of Coach Retail. "This development is one of the top shopping, dining and entertainment destinations in Las Vegas. We're delighted to have such an important retail presence in this remarkable complex."

"Our Coach stores in Las Vegas - Fashion Show and our first Forum Shops location - have consistently been among our most productive in the U.S., and we are very excited by the prospect of expanding our presence in this important tourist market," added Lew Frankfort, Chairman and Chief Executive Officer of Coach, Inc.

The new Coach store at the Forum Shops echoes the style and openness of Coach's other flagship locations, outfitted with cabinetry of bleached walnut and white maple woodwork, accented with polished nickel displayed on white travertine floors. It has a sleek and impactful storefront, using polished stainless steel, white glazed brick and white enameled panels to complement Coach's "modern classic" merchandise offerings. The store will offer a full selection of Coach products, including handbags, women's and men's small leather goods, business cases, weekend and travel accessories, footwear, watches, outerwear, jewelry, sunwear and related accessories.

Coach, with headquarters in New York, is a leading American marketer of fine accessories and gifts for women and men. Coach is sold worldwide through Coach stores, select department stores and specialty stores, through the Coach catalogue in the U.S. by calling 1-800-223-8647 and through Coach's website at www.coach.com. Coach's shares are traded on The New York Stock Exchange under the symbol COH.

This press release contains forward-looking statements based on management's current expectations. These statements can be identified by the use of forward-looking terminology such as "may," "will," "should," "expect," "intend," "estimate," "are positioned to," "continue," "project," "guidance," "forecast," "anticipated," or comparable terms. Future results may differ materially from management's current expectations, based upon risks and uncertainties such as expected economic trends, the ability to anticipate consumer preferences, the ability to control costs, etc. Please refer to Coach's latest Annual Report on Form 10-K for a complete list of risk factors.

CONTACT:
Coach
Analysts & Media:
Andrea Shaw Resnick, 212-629-2618