Just a few thoughts, and a trip down memory lane:
1) Customers wishing the outlets away isn't going to do it. Said wish has been made by many people, many times, over the years I've been here. A look at the data, however, shows more outlets have opened over that time, than disappeared. Indeed, it's been boutiques that have been more likely to close, (at least based on that list of store closings somewhere in this subforum).
2) Many people, many times over the years, have wished that the MFF would disappear. (Note, I personally have many MFF bags that I love dearly, so I'm certainly not going to dismiss MFF.) Not only has it not happened, but the number of MFF imitations of boutique bags have actually increased. We also have some of the same leathers and *colors* in MFF, as we do in boutiques right now. (Just one example, they have the same color seaglass, and the same pebbled and crossgrain seaglass leathers in particular, in both boutiques and MFF literally right now.) Some lines have even moved from boutique to MFF (Madison Kelsey, Phoebe, etc.).
3) Coach has "claimed", whether through news articles, or quotes from executives, or even just quotes from Sales Associates, that things would "be a certain way", or "change a certain way", and I can barely think of one case where the statements actually panned out.
Phoebe's ... not valid on PCE ... then they were valid ... since then SAS and outlets ... now they actually *are* a MFF bag. (I literally

out loud when I type that.)
Legacy from five years ago ... some were not valid on PCE ... then were valid on PCE ... then "they'll never go to outlet" ... then they did ... then MFF came up with some very similar versions.
Boroughs ... not valid on PCE ... then they were valid ... then on SAS and outlets (and I got a few through both routes and love them dearly) ... then MFF actually made their *own* Boroughs.
PCEs were supposed to go away. Well they did, for a couple months, until they came back. Supposedly there's another one coming in a week or two, for which I already have a small purchase planned. Indeed, the last PCE even went public after a few days -- broadening PCE even while the execs were claiming PCE was going away (ie. literally opposite from what the execs had been claiming). Similarly, the semi-annual sale was supposed to be brief, and only twice a year. Well it was, for the first three. This last autumn/winter though .... we went from a PCE, to the PCE opening, then it morphed within a week or two into a "Winter sale", which *then* morphed after a couple weeks into the actual SAS, which then went on for its own series of changes. ..... What was long claimed to be "No PCE's and only brief SAS's twice a year," morphed into what must have been three months worth of "sales".

No lie.
Oh, and I almost forgot .... for a while the execs were saying that the department stores would no longer be able to reduce the prices on their Coach offerings. Coupons would no longer work. Department stores could not put them on clearance. That *was* the claim. Well that apparently never worked out, because Coach is still going on clearance, the coupons still work on clearance, and they still do occasional coupons that work on department store full prices.
I realize that the obvious counter to all of this is, "But things are different *now* ... things will be different *now*." But my point is simply this --- Coach has been saying things for years, that almost never come to pass. For years, we've heard, "Things will change *now*." ...... Really? Well why "now now", as opposed to "last year's now". Or "the year before's now". .... See that boy over there, talking about a wolf?
If I look back over the last ... what ... six years? ... the only real change I've seen is that a lot of items no longer go to outlets, but go to the *online* outlet instead. If you have an account in the online outlet sale, the variety of boutique deletes available to you, at outlet prices, has actually *increased*.
In other words, except for more deletes going to the online sale, than used to go to brick-and-morter outlets, I'd say this below pretty much sums it up ...