So there you are trying to find out everything you need to know about Coach.
There are so many websites, influencers, and others who claimed they know "how to know if a coach bag is original or not?" , or "how to spot fake coach bags ", "difference between coach vs coach outlet " - but even after reading those, you won't be convinced. Where these people got all these informations from?
Most contents out there, are teaching us to smell the coach bags (if we could smell leather on the bags then it's real they said), they also tell us to check the receipts (Coach receipt should have this alignment & bla bla bla- etc) , they also tell us that authentic card should be coming from the same region. (If buying from US, why you can get Singapore card - it's fake they said) - all of these are misleading, BECAUSE you can get any region cards, Coach does wholesale!
Scammers also could buy a leather smell spray, and use it on their fake coach bags, they could also create receipts which resembles 100% original coach receipts. So all of these informations you got out there, are mostly based on assumptions and not actual facts.
Today is your lucky day! All these informations we are about to share are directly from Coach. How to be sure? Here is a link where you can also read on directly from SEC Report!
So what is SEC Report?
"This is what Coach provides to SEC all of their declaration, everything about their business"
The SEC filing is a financial statement or other formal document submitted to the U.S. Securities and Exchange Commission. Public companies, certain insiders, and broker-dealers are required to make regular SEC filings.
It is regulatory documents that companies and issuers of securities must submit to the Securities and Exchange Commission (SEC) on a regular basis. The purpose is to provide transparency and information to investors, analysts, and regulators.
COACH sourcing management offices are in Vietnam, mainland China, the Philippines, Cambodia and Spain that work closely with their independent manufacturers.
During fiscal 2022, COACH manufacturers primarily located in Vietnam, Cambodia, the Philippines and Indonesia and no individual vendor provided 10% or more of the brand's total purchases.
As stated on this latest 2022 SEC report, "This broad-based, global manufacturing strategy is designed to optimize the mix of cost, lead times and construction capabilities. We have and may continue to experience disruptions at third-party manufacturing facilities across certain geographies due to Covid-19. Refer to "Executive Overview" in Item 7. "Management’s Discussion and Analysis of Financial Condition and Results of Operations" for additional information."
Coach continue to closely manage inventories in this channel given the current highly promotional environment at point-of-sale. The big brand utilize automatic replenishment with major accounts in an effort to optimize inventory levels across wholesale doors.
The wholesale business for Coach comprised approximately 10% of total segment net sales for fiscal 2022. As of July 2, 2022, Coach's products are sold in over approximately 1,700 wholesale and distributor locations globally. Coach has developed relationships with a select group of distributors who sell Coach products through travel retail locations and in certain international countries.
The Company’s fulfillment network is designed to ship each brand's products from our manufacturers to fulfillment centers around the world for inspection, storage, order processing and delivery. These fulfillment centers are either directly operated by the Company or operated by independent third parties, and the Company leverages multi-brand fulfillment centers where appropriate.
We also utilize local fulfillment centers, through third-parties in Japan, parts of Greater China (mainland China, Hong Kong SAR, Macao SAR, and Taiwan), South Korea, Singapore, Malaysia, Spain, the U.K., Canada, Australia, and starting in fiscal 2023 in Mexico which will support the market in the United States.
These facilities utilize automated warehouse management systems that interface to our Enterprise Resource Planning ("ERP") system.
In fiscal 2022, the Company entered into a lease agreement for a facility to be located in Las Vegas, Nevada. This facility is expected to become a multi-brand fulfillment center that is intended to increase capacity and continue to enhance fulfillment capabilities.
So, in conclusion..
As of 18 August 2022 SEC Report, COACH does wholesale which resellers are able to sell at highly promotional environment at point-of-sale. Coach manufacturers are from Vietnam, Cambodia, the Philippines and Indonesia.
So where do you can get authentic Coach bags from? Simple! With us, www.lasevgi.com , we are Coach reseller, where we work closely with manufacturers & distributors to simplify your shopping experience of COACH bags. All of our bags are 100& authentic, comes with secure wrapping and we ship worldwide! Check out our big catalogue and grab your bags now!