Item 1.01. Entry into a Material Definitive Agreement.

On June 4, 2009, the Company entered into a sixth amendment (the "Sixth Amendment") and a seventh amendment (the "Seventh Amendment" and, together with the Sixth Amendment, the "Amendments") to its license agreement, dated December 9, 1996, with Coach, Inc., pursuant to which Coach, Inc. agreed to license to the Company certain intellectual property, including the trademark COACH and related marks. The Sixth Amendment permits the Company to sell Licensed Products to retail stores which it controls ("Licensee-Affiliated Retailers"), subject to the Licensor's prior written approval, which is not to be unreasonably withheld, establishes the royalty rate applicable to such sales and imposes a limit on what are defined as "retail close-out" products that may be sold by certain Licensee-Affiliated Retailers annually. The Seventh Amendment permits the sale of Licensed Products to approved retailers for resale on websites that are operated by those retailers and approved by Licensor ("Website(s)") provided that such Licensed Products are the same models as those advertised and sold by Licensor on its website. Licensor's written approval is required before any other models may be offered for sale on any Website and no more than six such other models may be purchased from the Company for advertisement or sale on any Website during any six month period. The Seventh Amendment also provides that Licensor will furnish the Company with certain content for use on the Websites for a specified fee to be paid quarterly.

The Company intends to file the Amendments as exhibits to its next periodic report and will seek confidential treatment of certain terms of the Amendments at such time.

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