Todd Kahn

And sometimes people talk to me a lot about, wow, people are shopping in the real world again, and they're going to malls again.

Malls are alive, and

thriving.

Why is that?

And one of the reasons, I think, because maybe during some very formidable years, Gen Z, because of COVID, we're shut in.

So they're very much engaging in real life experiences and community experiences.

Shopping is...

a social event.

Today you'll see, you'll come into a Coach store, you'll see Gen Z shop, they'll be with their friends or they'll quickly be on their phone showing their friends the bag they want.

Mostly they've already come in with a great understanding of what it is they want and then they focus a little bit more when they're here.

Yeah.

So one of the issues is, and our investors talk about this all the time, fear of ubiquity.

What I love in this last quarter, we grew 25% top line.

No single family accounts for more than 10%.

So the platforms we have

to create different self-expression, which is really our goal, to inspire Gen Z for their full expressive self.

We have the Tabby family.

We have the Terry family.

We have the New York family.

I call it TNT, which leads to explosive growth.