Again, the fake boxes are rectangular, 2-tone and 2-piece. I didn't say that Coach didn't make any boxes for keychains and small items, just that they didn't make boxes that met that specific description. I'm surprised that the box from Macy's had a sticker with the information for that keychain
Stores like Dillard's and Nordie's can also use 2-piece gift boxes but those are usually for a specific keychain like last year's Legacy Penguin from Dillard's shown below, and the keychain style number usually ends in the letter B to show that it's a boxed item.
I think Whateve is referring to these boxed items but they aren't two-pc. white with brown trim:

