I remember seeing that logo Coach plate the first time on an outlet bag.I'm kinda surprised there was no big runway presentation or destination this time around!
Also, this definitely confirms the "conspiracy" that Coach tries out their new ideas at the outlet in cheaper materials before releasing them as 1941/boutique pieces.... I distinctly remember a variation of one of these bags was posted here and being sold at the outlet not too long ago.
Edit-- I don't have the link to the original post but I found the pic of the outlet bag from last season in my archive: