This is interesting news, I wonder how many of the FPs in my area will close, if any. One thing that always bugs me is that the FP at the Mall of America doesn't seem to get any special treatment. Maybe they will actually try and do something with this store now. There are so many international visitors to the Mall that I don't understand why Coach doesn't do anything with that store, it doesn't stand out at all compared to the other FP in this market.
That is definitely one store that should be upgraded from my knowledge; I know they have stated that there is a listing of FP stores that are going to be eligible. Hopefully it will be on the list for the reasons you stated.