|
|
|
NEW YORK--(BUSINESS WIRE)--Nov. 9, 2001--Coach, Inc. (NYSE: COH), a leading marketer of modern classic American accessories, announced this week at the company's annual meeting of shareholders that Sally Frame Kasaks, marketing and retail consultant for ISTA Incorporated, has been appointed to Coach's Board of Directors.
Ms. Kasaks's appointment fills a vacancy on the Board and brings the membership to six.
"We are extremely pleased that Sally is joining our Board," said Lew Frankfort, Chairman and Chief Executive Officer of Coach, Inc. "As Coach continues to evolve its retail concept to the next level, both in the US and internationally, we are confident that her extensive experience, strategic insight and leadership in the retail industry will prove particularly valuable to us."
"I believe that the company reflects a clear and unique vision, which is manifest in the team, the stores and the brand that is Coach. I look forward to participating in the growth that lies ahead for this outstanding company," said Ms. Kasaks.
From 1992 through 1996, Ms. Kasaks was the Chairman and Chief Executive Officer of Ann Taylor Stores, Inc. Prior to this, Ms. Kasaks was President and Chief Executive Officer of Abercrombie & Fitch from 1989 to 1992, and Chairman and Chief Executive Officer of The Talbots, Inc. from late 1985 through 1988. Ms. Kasaks currently serves as a director on the Boards of Pacific Sunwear of California, Inc., Cortefiel, S.A., The White House, Inc., Tuesday Morning, Inc., and The Children's Place, Inc.
Coach, with headquarters in New York, is a leading American marketer of fine accessories and gifts for women and men, including handbags, business cases, furniture, luggage and travel accessories, wallets, footwear, watches, outerwear 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: Kathleen Moloughney, cell 917/334-6808
212/614-5143