Lew Frankfort, chairman and CEO of Coach, Inc. said that the company had 70 retail stores in the Greater China region, of which 55 are located in the PRC. In particular, 21 of the 55 stores are situated at the top-tier Chinese cities.

He expects the number of PRC stores to reach 75 by the end of this year. At a pace of opening 30 stores per year, the number of PRC stores of the company will increase to about 100 next year, he said.