Item 1.01: Entry into a Material Definitive Agreement.

On December 23, 2008, Coach, Inc. (the "Company") entered into amendments (collectively, the "Amendments") to the employment agreements between the Company and each of Lew Frankfort (Chairman and Chief Executive Officer), Michael Tucci (President, North American Retail ) and Michael F. Devine, III (Executive Vice President and Chief Financial Officer). The Amendments principally reflect changes necessary to comply with Section 409A of the Internal Revenue Code of 1986, as amended ("Section 409A"), including providing that any severance benefits payable to any of these executives that are deemed to constitute deferred compensation subject to the requirements of Section 409A will be delayed for a six month period following such executive's termination date if he is deemed to be a "specified employee" (within the meaning of Section 409A) at the time of his termination of employment.

Except as otherwise described above, all of the current terms of such executives' existing employment agreements will remain in effect.