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InvestmentspendshoulddriveSG& lv官方網;AdeleverageinF2013F2013willbeaninvestmentyearforCoach lv皮夾.Thecompanyplanstoincreasemarketing(especiallyin1Q)andwillincurexpensesasitacquirestheretailoperationsofsomeofitsdistributorsinAsia 台灣lv官網.Italsoplanstoenhanceitsdigitalstrategy lv2012官方grazes新款目錄.Whilethesemovesarepositiveforthelongrun,itwillresultinelevatedSG&AinF2013.Wearemodeling190bpofSG&Adeleverageto42 lv皮夾價錢.1%inF2013E.
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