| Industries |
|---|
| Apparel Accessories and Luxury Goods |
| Consumer Electronics |
| Consumer Discretionary |
| Consumer Durables and Apparel |
| Consumer Services |
| Consumer Staples |
| Consumer Finance |
| Automobile Manufacturers |
| Motorcycle Manufacturers |
| Exposures |
|---|
| Economic |
| Regime |
| Military |
| Political reform |
| Express intent |
| Cooperate |
| Event Codes |
|---|
| Accident |
| Vote |
| Warn |
| Sports contest |
| Solicit support |
| Reject |
| Yield |
| Acknowledge responsibility |
| Adjust |
| Promise |
| Agree |
| Yield to order |
| Wiki | Wiki Summary |
|---|---|
| Cash and cash equivalents | Cash and cash equivalents (CCE) are the most liquid current assets found on a business's balance sheet. Cash equivalents are short-term commitments "with temporarily idle cash and easily convertible into a known cash amount". |
| Dependency Walker | Dependency Walker or depends.exe is a free program for Microsoft Windows used to list the imported and exported functions of a portable executable file. It also displays a recursive tree of all the dependencies of the executable file (all the files it requires to run). |
| Product design | Product design as a verb is to create a new product to be sold by a business to its customers. A very broad coefficient and effective generation and development of ideas through a process that leads to new products. |
| Phase-gate process | A phase-gate process (also referred to as a stage-gate process or waterfall process) is a project management technique in which an initiative or project (e.g., new product development, software development, process improvement, business change) is divided into distinct stages or phases, separated by decision points (known as gates).\nAt each gate, continuation is decided by (typically) a manager, steering committee, or governance board. |
| Product strategy | Product strategy defines the high-level plan for developing and marketing a product, how the product supports the business strategy and goals, and is brought to life through product roadmaps. A product strategy describes a vision of the future with this product, the ideal customer profile and market to serve, go-to-market and positioning (marketing), thematic areas of investment, and measures of success. |
| Position coach | In American football, a position coach is a team official in charge of coaching a specific position group. Position coaches have more specialized duties than the head coach, assistant coach, and the offensive and defensive coordinators. |
| Coaches Poll | The Coaches Poll is a weekly ranking of the top 25 NCAA Division I Football Bowl Subdivision (FBS) college football, Division I college basketball, and Division I college baseball teams. The football version of the poll has been known officially as the Amway Coaches Poll since 2014. |
| Cash and carry (wholesale) | Cash and Carry (or "Inspect and Pay") wholesale represents a type of operation within the wholesale sector.\n\n\n== Overview ==\nThe main features of cash and carry are summarized best by the following definitions:\n\nCash and carry is a form of trade in which goods are sold from a wholesale warehouse operated either on a self-service basis or on the basis of samples (with the customer selecting from specimen articles using a manual or computerized ordering system but not serving themselves) or a combination of the two. |
| C&S Wholesale Grocers | C&S Wholesale Grocers is a national wholesale grocery supply company in the United States, based in Keene, New Hampshire. In 2021 it was the eighth-largest privately held company in the United States, as listed by Forbes. |
| Exchange rate | In finance, an exchange rate is the rate at which one currency will be exchanged for another currency. Currencies are most commonly national currencies, but may be sub-national as in the case of Hong Kong or supra-national as in the case of the euro. |
| Price | A prince is a male ruler (ranked below a king, grand prince, and grand duke) or a male member of a monarch's or former monarch's family. Prince is also a title of nobility (often highest), often hereditary, in some European states. |
| Demand | In economics, demand is the quantity of a good that consumers are willing and able to purchase at various prices during a given period of time. The relationship between price and quantity demand is also called the demand curve. |
| Consumer confidence index | A consumer confidence index (CCI) is an economic indicator published by various organizations in several countries. \nIn simple terms, increased consumer confidence indicates economic growth in which consumers are spending money, indicating higher consumption. |
| Consumer electronics | Consumer electronics or home electronics are electronic (analog or digital) equipment intended for everyday use, typically in private homes. Consumer electronics include devices used for entertainment, communications and recreation. |
| Supplemental Nutrition Assistance Program | In the United States, the Supplemental Nutrition Assistance Program (SNAP), formerly known as the Food Stamp Program, is a federal program that provides food-purchasing assistance for low- and no-income people. It is a federal aid program, administered by the United States Department of Agriculture under the Food and Nutrition Service (FNS), though benefits are distributed by specific departments of U.S. states (e.g. |
| Disparate impact | Disparate impact in United States labor law refers to practices in employment, housing, and other areas that adversely affect one group of people of a protected characteristic more than another, even though rules applied by employers or landlords are formally neutral. Although the protected classes vary by statute, most federal civil rights laws protect based on race, color, religion, national origin, and sex as protected traits, and some laws include disability status and other traits as well. |
| High-availability cluster | High-availability clusters (also known as HA clusters, fail-over clusters) are groups of computers that support server applications that can be reliably utilized with a minimum amount of down-time. They operate by using high availability software to harness redundant computers in groups or clusters that provide continued service when system components fail. |
| Penile subincision | Penile subincision is a form of genital modification or mutilation consisting of a urethrotomy, in which the underside of the penis is incised and the urethra slit open lengthwise, from the urethral opening (meatus) toward the base. The slit can be of varying lengths. |
| Inherent Vice (film) | Inherent Vice is a 2014 American period neo-noir mystery crime film written and directed by Paul Thomas Anderson, based on the 2009 novel of the same name by Thomas Pynchon. The cast includes Joaquin Phoenix, Josh Brolin, Owen Wilson, Katherine Waterston, Eric Roberts, Reese Witherspoon, Benicio del Toro, Jena Malone, Joanna Newsom, Jeannie Berlin, Maya Rudolph, Michael K. Williams and Martin Short. |
| Central Intelligence Agency | The Central Intelligence Agency (CIA ), known informally as the Agency and historically as the Company, is a civilian foreign intelligence service of the federal government of the United States, officially tasked with gathering, processing, and analyzing national security information from around the world, primarily through the use of human intelligence (HUMINT) and performing covert actions. As a principal member of the United States Intelligence Community (IC), the CIA reports to the Director of National Intelligence and is primarily focused on providing intelligence for the President and Cabinet of the United States. |
| Disruptive innovation | In business theory, disruptive innovation is innovation that creates a new market and value network or enters at the bottom of an existing market and eventually displaces established market-leading firms, products, and alliances. The concept was developed by the American academic Clayton Christensen and his collaborators beginning in 1995, and has been called the most influential business idea of the early 21st century. |
| Matthiola incana | Matthiola incana is a species of flowering plant in the cabbage family Brassicaceae. Common names include Brompton stock, common stock, hoary stock, ten-week stock, and gilly-flower. |
| Convertible bond | In finance, a convertible bond or convertible note or convertible debt (or a convertible debenture if it has a maturity of greater than 10 years) is a type of bond that the holder can convert into a specified number of shares of common stock in the issuing company or cash of equal value. It is a hybrid security with debt- and equity-like features. |
| Fiscal year | A fiscal year (or financial year, or sometimes budget year) is used in government accounting, which varies between countries, and for budget purposes. It is also used for financial reporting by businesses and other organizations. |
| Shareholder rights plan | A shareholder rights plan, colloquially known as a "poison pill", is a type of defensive tactic used by a corporation's board of directors against a takeover.\nIn the field of mergers and acquisitions, shareholder rights plans were devised in the early 1980s as a way to prevent takeover bids by taking away a shareholder's right to negotiate a price for the sale of shares directly. |
| Video game developer | A video game developer is a software developer specializing in video game development – the process and related disciplines of creating video games. A game developer can range from one person who undertakes all tasks to a large business with employee responsibilities split between individual disciplines, such as programming, design, art, testing, etc. |
| Non-executive director | A non-executive director (abbreviated to non-exec, NED or NXD), independent director or external director is a member of the board of directors of a company or organisation, but not a member of the executive management team. They are not employees of the company or affiliated with it in any other way and are differentiated from executive directors, who are members of the board who also serve, or previously served, as executive managers of the company (most often as corporate officers). |
| William Campbell (business executive) | William Vincent Campbell Jr. (August 31, 1940 – April 18, 2016) was an American businessman and chairman of the board of trustees of Columbia University and chairman of the board of Intuit. |
| Board of directors | A board of directors (commonly referred simply as the board) is an executive committee that jointly supervises the activities of an organization, which can be either a for-profit or a nonprofit organization such as a business, nonprofit organization, or a government agency. \nThe powers, duties, and responsibilities of a board of directors are determined by government regulations (including the jurisdiction's corporate law) and the organization's own constitution and by-laws. |
| Class B share | In finance, a Class B share or Class C share is a designation for a share class of a common or preferred stock that typically has strengthened voting rights or other benefits compared to a Class A share that may have been created. The equity structure, or how many types of shares are offered, is determined by the corporate charter.B share can also refer to various terms relating to stock classes:\n\nB share (mainland China), a class of stock on the Shanghai and Shenzhen stock exchanges\nB share (NYSE), a class of stock on the New York Stock ExchangeMost of the time, Class B shares may have lower repayment priorities in the event a company declares bankruptcy. |
| Equity (finance) | In finance, equity is ownership of assets that may have debts or other liabilities attached to them. Equity is measured for accounting purposes by subtracting liabilities from the value of the assets. |
| Stock dilution | Stock dilution, also known as equity dilution, is the decrease in existing shareholders' ownership percentage of a company as a result of the company issuing new equity. New equity increases the total shares outstanding which has a dilutive effect on the ownership percentage of existing shareholders. |
| Approved drug | An approved drug is a medicinal preparation that has been validated for a therapeutic use by a ruling authority of a government. This process is usually specific by country, unless specified otherwise. |
| Approved by the Motors | Approved by the Motors is the second studio album by English rock band The Motors, originally released in May 1978. The album only spent 1 week in the UK Albums Charts reaching number 60. |
| Groove Approved | Groove Approved is the fourth solo studio album by the English singer-songwriter Paul Carrack, then a member of the supergroup Mike + The Mechanics. It was originally released in 1989, on the Chrysalis label. |
| Emma Approved | Emma Approved was an American multi-platform web series starring Joanna Sotomura and Brent Bailey based on Jane Austen’s 1815 novel Emma. The show is a follow-up to The Lizzie Bennet Diaries and is the third production out of web series company and YouTube channel, Pemberley Digital. |
| Combination drug | A combination drug or a fixed-dose combination (FDC) is a medicine that includes two or more active ingredients combined in a single dosage form. Terms like "combination drug" or "combination drug product" can be common shorthand for a FDC product (since most combination drug products are currently FDCs), although the latter is more precise if in fact referring to a mass-produced product having a predetermined combination of drugs and respective dosages (as opposed to customized polypharmacy via compounding). |
| Risk Factors |
|---|
| COACH INC ITEM 1A Risk Factors You should consider carefully all of the information set forth or incorporated by reference in this document and, in particular, the following risk factors associated with the Business of Coach and forward-looking information in this document |
| Please also see ‘‘Special Note on Forward-Looking Information’’ at the beginning of this report |
| Additional risks not presently known to us or that we currently deem immaterial may also have an adverse effect on us |
| If any of the risks below actually occur, our business, results of operations, cash flows or financial condition could suffer |
| The growth of our business depends on the successful execution of our growth strategies |
| Our growth depends on the continued success of existing products, as well as the successful design and introduction of new products |
| Our ability to create new products and to sustain existing products is affected by whether we can successfully anticipate and respond to consumer preferences and fashion trends |
| The failure to develop and launch successful new products could hinder the growth of our business |
| Also, any delay in the development or launch of a new product could result in our not being the first to market, which could compromise our competitive position |
| Significant competition in our industry could adversely affect our business |
| We face intense competition in the product lines and markets in which we operate |
| Our competitors include private label retailers, including some of Coach’s wholesale customers, as well as other well known handbags and accessories companies |
| There is a risk that our competitors may develop new products that are more popular with our customers |
| We may be unable to anticipate the timing and scale of such product introductions by competitors, which could harm our business |
| Our ability to compete also depends on the strength of our brands, whether we can attract and retain key talent, and our ability to protect our trademarks and design patents |
| A failure to compete effectively could adversely affect our growth and profitability |
| We face risks associated with operating in international markets |
| We operate on a global basis, with approximately 25prca of our net sales coming from operations outside the US However, sales to our international wholesale customers are denominated in US dollars |
| While geographic diversity helps to reduce the Company’s exposure to risks in any one country, we are subject to risks associated with international operations, including, but not limited to: [spacer |
| gif] • changes in exchange rates for foreign currencies, which may adversely affect the retail prices of our products and result in decreased international consumer demand or increase our supply costs in those markets, [spacer |
| gif] • political or economic instability or changing macroeconomic conditions in our major markets, and [spacer |
| gif] • changes in foreign or domestic legal and regulatory requirements resulting in the imposition of new or more onerous trade restrictions, tariffs, embargoes, exchange or other government controls |
| We monitor our foreign currency exposure in Japan to minimize the impact on earnings of foreign currency rate movements through foreign currency hedging of Coach Japan’s US dollar denominated inventory purchases |
| We cannot ensure, however, that these hedges will succeed in offsetting any negative impact of foreign currency rate movements |
| A downturn in the economy could affect consumer purchases of luxury items and adversely affect our business |
| Many factors affect the level of consumer spending in the premium handbag and accessories market, including, among others, general business conditions, interest rates, the availability of consumer credit, taxation and consumer confidence in future economic conditions |
| Consumer 10 _________________________________________________________________ [75]Table of Contents purchases of discretionary luxury items, such as Coach products, tend to decline during recessionary periods, when disposable income is lower |
| A downturn in the economies in which Coach sells its products may adversely affect Coach’s sales |
| Our business is subject to the risks inherent in global sourcing activities |
| As a company engaged in sourcing on a global scale, we are subject to the risks inherent in such activities, including, but not limited to: [spacer |
| gif] • availability of raw materials, [spacer |
| gif] • compliance with labor laws and other foreign governmental regulations, [spacer |
| gif] • disruptions or delays in shipments, [spacer |
| gif] • loss or impairment of key manufacturing sites, [spacer |
| gif] • product quality issues, [spacer |
| gif] • political unrest, [spacer |
| gif] • as well as natural disasters, acts of war or terrorism and other external factors over which we have no control |
| While we have business continuity and contingency plans for our sourcing sites, significant disruption of manufacturing for any of the above reasons could interrupt product supply and, if not remedied in a timely manner, could have an adverse impact on our business |
| Our business is subject to increased costs due to excess inventories if we misjudge the demand for our products |
| If Coach misjudges the market for its products it may be faced with significant excess inventories for some products and missed opportunities for other products |
| In addition, because Coach places orders for products with its manufacturers before it receives wholesale customers’ orders, it could experience higher excess inventories if wholesale customers order fewer products than anticipated |
| Our operating results are subject to seasonal and quarterly fluctuations, which could adversely affect the market price of Coach common stock |
| Because Coach products are frequently given as gifts, Coach has historically realized, and expects to continue to realize, higher sales and operating income in the second quarter of its fiscal year, which includes the holiday months of November and December |
| In addition, fluctuations in sales and operating income in any fiscal quarter are affected by the timing of seasonal wholesale shipments and other events affecting retail sales |
| However, over the past several years, we have achieved higher levels of growth in the non holiday quarters, which has reduced these seasonal fluctuations |
| We expect that these trends will continue |
| Provisions in Coach’s charter and bylaws, Maryland law or its ‘‘poison pill’’ may delay or prevent an acquisition of Coach by a third party |
| Coach’s charter and bylaws and Maryland law contain provisions that could make it harder for a third party to acquire Coach without the consent of Coach’s Board of Directors |
| Coach’s charter permits its Board of Directors, without stockholder approval, to amend the charter to increase or decrease the aggregate number of shares of stock or the number of shares of stock of any class or series that Coach has the authority to issue |
| In addition, Coach’s Board of Directors may classify or reclassify any unissued shares of common stock or preferred stock and may set the preferences, rights and other terms of the classified or reclassified shares |
| Although Coach’s Board of Directors has no intention to do so at the present time, it could establish a series of preferred stock that could have the effect of delaying, deferring or preventing a transaction or a change in control that might involve a premium price for Coach’s common stock or otherwise be in the best interest of Coach’s stockholders |
| On May 3, 2001 Coach declared a ‘‘poison pill’’ dividend distribution of rights to buy additional common stock to the holder of each outstanding share of Coach’s common stock |
| Subject to limited 11 _________________________________________________________________ [76]Table of Contents exceptions, these rights may be exercised if a person or group intentionally acquires 10prca or more of Coach’s common stock or announces a tender offer for 10prca or more of the common stock on terms not approved by the Coach Board of Directors |
| In this event, each right would entitle the holder of each share of Coach’s common stock to buy one additional common share of Coach stock at an exercise price far below the then-current market price |
| Subject to certain exceptions, Coach’s Board of Directors will be entitled to redeem the rights at dlra0dtta0001 per right at any time before the close of business on the tenth day following either the public announcement that, or the date on which a majority of Coach’s Board of Directors becomes aware that, a person has acquired 10prca or more of the outstanding common stock |
| As of the end of fiscal 2006, there were no shareholders whose common stock holdings exceeded the 10prca threshold established by the rights plan |
| Coach’s bylaws can only be amended by Coach’s Board of Directors |
| Coach’s bylaws also provide that nominations of persons for election to Coach’s Board of Directors and the proposal of business to be considered at a stockholders meeting may be made only in the notice of the meeting, by Coach’s Board of Directors or by a stockholder who is entitled to vote at the meeting and has complied with the advance notice procedures of Coach’s bylaws |
| Also, under Maryland law, business combinations, including issuances of equity securities, between Coach and any person who beneficially owns 10prca or more of Coach’s common stock or an affiliate of such person are prohibited for a five-year period unless exempted in accordance with the statute |
| After this period, a combination of this type must be approved by two super-majority stockholder votes, unless some conditions are met or the business combination is exempted by Coach’s Board of Directors |
| Coach’s Board has exempted any business combination with us or any of our affiliates from the five-year prohibition and the super-majority vote requirements |