Todd Kahn

Katie, we'll take the question again, too, when that goes by.

Okay.

Hold on one second.

Yeah, that was minor.

Fire away.

Well, first, as a father of a Gen C-er, they still spend their parents' money.

The bank of mom and dad is real.

Fair enough.

But beyond that, we're learning about Gen Alpha now.

So depending on who you talk to, Gen Alpha turns 18 in 2027, 2028.

We're engaging, we're learning, we're understanding them.

And yes, they will spend some of their parents' money, but what's interesting about both Gen Alpha and Gen Z, particularly Gen Alpha now, they all seem to have a side hustle.

You know, we used to say when I was younger, you know, you babysit or, you know, maybe you got to work like I did in my parents' shop cleaning the counters.

They are micro-influencers.

They do all these things in the...

internet and digital economy that is so interesting.

And they're very, one thing we've already heard, and some of this could be AI related, not only are they tech savvy, but they're kind of business savvy too.

And that's true for young Gen Z. So we like that about them and we're learning about them.

And one of the things that is so powerful about Coach, we stay in the sweet spot of two to $500

while we have bags that are much higher, that's our sweet spot.