NEW YORK, Feb 5, 2002 (BUSINESS WIRE) -- Coach, Inc. (NYSE: COH), a leading marketer of modern classic American accessories, announced today that Gary Loveman, President and Chief Operating Officer of Harrah's Entertainment, Inc., (NYSE: HET) a leading casino-entertainment company, has been appointed to Coach's Board of Directors. Mr. Loveman's appointment increases the membership of the Board to seven.

Lew Frankfort, Chairman and Chief Executive Officer of Coach, Inc., said, "We are extremely pleased that Gary Loveman is joining our Board. As Coach continues to evolve its clienteling and targeted marketing strategies, Gary's experience in this area, highlighted by the success of Harrah's proprietary Total Rewards program, will be especially beneficial to us."

"Coach is an innovative, high performing retail brand with great merchandising and in-store service. I'm looking forward to bringing some of the tools of customer relationship management that I have learned to this terrific American concept," said Mr. Loveman.

Before joining Harrah's in 1998, Mr. Loveman was associate professor of business administration at the Harvard University Graduate School of Business Administration. During his tenure he consulted for Harrah's, as well as American Airlines, Booz-Allen & Hamilton, Coopers & Lybrand, McDonald's and The Walt Disney Company, among others.

Mr. Loveman was awarded a Ph.D. in economics from the Massachusetts Institute of Technology and a B.A. from Wesleyan University. He also serves on Harrah's Board of Directors and is an outside director of Ventas, Inc.

Coach, with headquarters in New York, is a leading American marketer of fine accessories and gifts for women and men, including handbags, women's and men's small leathergoods, business cases, luggage and travel accessories, footwear, watches, outerwear, jewelry, furniture and related accessories. Coach is sold worldwide through Coach stores, select department stores and specialty stores, through the Coach catalogue in the U.S. by calling 800-262-2411 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 current expectations, that involve risks and uncertainties that could cause results of Coach, Inc. to differ materially from management's current expectations. These forward-looking 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 the negative thereof or comparable terminology, including predictions of future results. Future results will vary from historical results, and historical growth is not indicative of future trends. Our future results will depend upon expected economic trends, our ability to anticipate consumer preferences for accessories and fashion trends, our ability to control costs, our store expansion and renovation program, currency fluctuations, and other factors. Please refer to the company's Annual Report on Form 10-K for a complete list of risk factors.

CONTACT:
Coach, New York
Analysts & Media:
Andrea Shaw Resnick, 212/629-2618
or
Burson-Marsteller, New York
Media:
Priya Pereira-Sawian, 212/614-4763
Cell: 917/826-2334