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"Looking beyond North America and Asia, we are pleased to announce our expansion plans into western Europe. Through the Paris spring, the famous French department Coach Outlet store group, we plan to open at least 14 sites in France in Paris next spring, department stores in the agreement 3 years.

Our first 1700-square-foot flagship store in Paris, Boulevard Haussmann store in June of this year. In addition, we have reached agreement in principle to establish and Hackett Limited, iconic British retailer, a joint venture set up coaching in the UK, Spain, Portugal and Ireland stores. We expect the first Cheap coach handbags in the UK and Spain will open the site in the next 12 months. We believe that the New York fashion and accessible luxury bus proposition will resonate with the fashion of European consumers, because it is in North America, Asia and the Middle East, "Mr. Frankfurt in the quarter., Total revenues 249 million U.S. dollars, up 34%, from 185 million U.S. dollars in the comparable period last year, reported operating margin of 30.0% and 25.1% of the annual report. During the quarter, Coach Patchwork Handbags gross profit increased 17% to 616 million U.S. dollars from 525 million U.S. dollars a year ago. Gross margins 74.1% and 71.0% a year ago, mainly to benefit from lower production costs.

SG & A expenses as a percentage of net sales 44.1%, 45.9%, compared to same period last year. Excluded, while last year's one-time expenditure, the 2009 third quarter revenues totaled 199 million U.S. dollars, operating Poppy Coach Bags profit margin was 26.9%, while SG & A cost ratio of 44.1%. The company also announced that the third quarter of this fiscal year, the repurchase and cancellation of the 35.52 U.S. dollars the average cost of nearly 11.3 million common shares, spent 400 yuan yuan. At the end of this period, about 10 million U.S. dollars is still Coach Signature Handbags based on the company's previous repurchase authorization.
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