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online coach coupons grow this category globally, both in our retail stores, as well as through the rollout of watch and jewelry shops in the wholesale channel. At the end of the quarter, there were approximately 60 shop in shops for both watches and jewelry. We believe that we will be able to open approximately 500 shop in shops globally for watches and jewelry.Michael Kors Holdings' CEO Discusses F2Q 2013 ResultsLadies and gentlemen, thank you for standing by. Welcome to the Michael Kors Holdings, Ltd. F2Q 2013 Conference Call. ( instructions.) As a reminder, this conference is being recorded. And now I like to turn the conference over to Ms. Christina Lack, Vice President and Treasurer. Please go ahead, ma LackGood morning, and thank you for joining us for our F2Q earnings call. Presenting on today call are John Idol, Chairman and Chief Executive Officer who is calling in from Bangkok; and Joe Parsons, Chief Financial Officer and Chief Operating Officer.Before we begin let me remind you that certain statements made on this call may constitute forward looking statements which are subject to risks and uncertainties that could cause actual results to differ from those that we expect.Investors should not assume that the statements made during the call will remain operative at a later time, and the company undertakes no obligation to update any information discussed on the call. I will now turn the call over to Michael Kors Chairman and Chief Executive Officer, Mr. John Idol.Thank you, Christina. Good morning. Welcome to our F2Q 2013 earnings call. With me today is Joe Parsons, Chief Financial and Chief Operating