key operational and cost measures of the transformation plan include : ( i ) the investment in capital improvements in our stores and wholesale locations to drive comparable sales improvement ; ( ii ) the optimization and streamlining of our organizational model as well as the closure of underperforming stores in north america , and select international stores ; ( iii ) the realignment of inventory levels and mix to reflect our elevated product strategy and consumer preferences ; ( iv ) the investment of approximately $ 50 million in incremental advertising costs to elevate consumer perception of our coach brand , drives sales growth and promote our new strategy , which started in fiscal 2015 ; and ( v ) the significant scale-back of our promotional cadence in an increased global promotional environment , particularly within our outlet internet sales site , which began in fiscal 2014. the company 's execution of these key operational and cost measures were on plan through the end of fiscal 2015 , and we believe that long-term 29 growth can be realized through these transformational efforts over time . for further discussion of charges incurred in connection with the transformation plan , see `` items affecting comparability , `` herein . furthermore , as discussed in note 7 , `` acquisitions , `` the company acquired luxury designer footwear brand stuart weitzman , which we believe will complement our current leadership position in premium handbags and accessories , while immediately adding to the company 's earnings as we continue to make meaningful progress towards our brand transformation . the acquisition was consummated on may 4 , 2015 , and the brand contributed $ 43.0 million in net sales in fiscal 2015 , included within our other segment . current trends and outlook in addition to the risks surrounding the successful execution of our transformation plan initiatives , our outlook reflects a certain level of uncertainty surrounding the global economy . the global economic environment continues to have an impact on consumer confidence , which in turn influences the level of spending on discretionary items . global consumer retail traffic remained relatively weak and inconsistent , which has led to a more promotional environment in the fragmented retail industry due to increased competition and a desire to offset traffic declines with increased levels of conversion . macroeconomic and geopolitical events in greater china and southeast asia have contributed to volatility in consumer spending within the region . furthermore , it is still too early to understand the impact , if any , of mers ( middle east respiratory syndrome ) on consumer spending in asia , including the impact on tourism in the region . within the u.s. , a prolonged and tough winter season impacted demand during the first half of calendar 2015 , however certain limited and recent factors within the u.s. , including an improvement in the labor market and modest growth in overall consumer spending , suggest a potential moderate strengthening in the u.s. economic outlook . it is still , however , too early to understand what kind of sustained impact this will have on consumer discretionary spending . if the global macroeconomic environment remains volatile or worsens , the constrained level of worldwide consumer spending and modified consumption behavior may continue to have a negative effect on our outlook . we will continue to monitor these risks and trends and evaluate and adjust our operating strategies and cost management opportunities to mitigate the related impact on our results of operations , while remaining focused on the long-term growth of our business and protecting the value of our brands . as discussed in part i , item 1 - `` business `` and as part of our transformation plan as described in note 3 , `` transformation and other actions , `` in fiscal 2015 , we have reduced the number of retail stores and total square footage within north america , as we continue to optimize our real estate position . we expect this trend to continue in the next fiscal year with the anticipated closure of approximately 15-20 north america retail stores in fiscal 2016 , attributable to our transformation plan . we expect to continue to see modest to no growth in north america outlet store square footage as we continue to optimize our real estate position across channels by expanding our most productive stores to accommodate a broader expression of lifestyle assortment while continuing to assess opportunities to close under-performing stores . within our international segment , we are expecting to reflect modest growth in our store count over the next few years , particularly within mainland china and europe . lastly , within stuart weitzman , we are expecting modest growth in our real estate position over the next year . for a detailed discussion of significant risk factors that have the potential to cause our actual results to differ materially from our expectations , see part i , item 1a - `` risk factors `` included in this annual report on form 10-k. 30 summary — fiscal 2015 in fiscal 2015 , coach , inc. reported net sales of $ 4.19 billion ( including $ 43.0 million attributable to the stuart weitzman brand ) , net income of $ 402.4 million and net income per diluted share of $ 1.45 . this compares to net sales of $ 4.81 billion , net income of $ 781.3 million , and net income per diluted share of $ 2.79 in fiscal 2014 . in fiscal 2015 , the comparability of our operating results has been affected by $ 145.9 million of pretax charges ( $ 107.8 million after tax , or $ 0.39 per diluted share ) related to our transformation plan , $ 24.6 million of pretax charges ( $ 21.0 million after tax , or $ 0.08 per diluted share ) related to acquisition charges associated with the stuart weitzman brand . story_separator_special_tag the following table presents operating income by reportable segment for fiscal 2015 compared to fiscal 2014 : replace_table_token_14_th ( 1 ) operating income in the other category consists of sales and expenses in coach brand ancillary channels in fiscal 2015 , including licensing and disposition , and sales and expenses generated by the stuart weitzman brand during the final two months of fiscal 2015. north america operating income decreased 29.5 % or $ 343.6 million to $ 820.5 million in fiscal 2015 reflecting the decrease in gross profit of $ 418.1 million which was partially offset by lower sg & a expenses of $ 74.5 million . the decrease in sg & a expenses was due to lower variable selling costs as a result of lower sales in our stores and internet business . operating margin decreased 420 basis points to 33.3 % in fiscal 2015 from 37.5 % during the same period in the prior year due to higher sg & a expense as a percentage of net sales of 390 basis points , primarily due to deleveraging of selling expenses as net sales have declined , and lower gross margin of 50 basis points . international operating income decreased 13.5 % or $ 75.1 million to $ 480.6 million in fiscal 2015 , primarily reflecting a decrease in gross profit of $ 46.5 million as well as higher sg & a expenses of $ 28.6 million . the increase in sg & a expenses is related to a $ 30.8 million increase in greater china and asia , excluding japan , related to new store openings and a $ 24.9 million increase in europe to support growth in the business . the increase in sg & a costs were partially offset by foreign currency effects in japan of $ 32.2 million . operating margin decreased 420 basis points to 29.6 % in fiscal 2015 from 33.8 % during the same period in the prior year primarily due to higher overall sg & a as a percentage of net sales which increased by 240 basis points and lower gross margin of 180 basis points . corporate unallocated operating expense increased $ 74.7 million to $ 708.6 million in fiscal 2015 , an increase of 11.8 % . this increase was primarily attributable to higher charges incurred by the company in fiscal 2015 as part of its transformation plan . excluding items affecting comparability , unallocated operating expenses increased by 8.9 % or $ 44.6 million to $ 547.0 million from $ 502.4 million . this increase is primarily due to higher incentive compensation costs and additional costs incurred particularly related to information technology . 35 provision for income taxes the effective tax rate was 34.2 % in fiscal 2015 , as compared to 30.4 % in fiscal 2014. excluding the items affecting comparability , the effective tax rate was 32.1 % in fiscal 2015 , as compared to 30.6 % in fiscal 2014. the increase in our effective tax rate was primarily attributable to the loss of certain foreign tax benefits that expired at the end of fiscal 2014 , as well as the acquisition-related impact attributable to stuart weitzman . we expect our rate to be lower in fiscal 2016 primarily attributable to the geographic mix of earnings , the expiration of certain statutes , the settlement of audits and the ongoing benefit of available foreign tax credits . net income net income decreased 48.5 % or $ 378.9 million to $ 402.4 million in fiscal 2015 as compared to $ 781.3 million in fiscal 2014 . excluding items of comparability , net income decreased 38.9 % or $ 338.4 million to $ 531.2 million in fiscal 2015 from $ 869.6 million in fiscal 2014 . this decrease was primarily due to lower operating income partially offset by lower provision for income taxes . earnings per share net income per diluted share decreased 47.9 % to $ 1.45 in fiscal 2015 as compared to $ 2.79 in fiscal 2014 . excluding items of comparability , net income per diluted share decreased 38.2 % or $ 1.18 to $ 1.92 in fiscal 2015 from $ 3.10 in fiscal 2014 , due to lower net income . fiscal 2014 compared to fiscal 2013 the following table summarizes results of operations for fiscal 2014 compared to fiscal 2013 . all percentages shown in the table below and the discussion that follows have been calculated using unrounded numbers . replace_table_token_15_th items affecting comparability the company 's reported results are presented in accordance with gaap . the reported gross profit , sg & a expenses , operating income , income before provision for income taxes , provision for income taxes , net income and earnings per diluted share in fiscal 2014 and 2013 reflect certain items which affect the comparability of our results , as noted in the following reconciliation tables . refer to page 41 for a discussion on the non-gaap measures . 36 coach , inc. gaap to non-gaap reconciliation for the years ended june 28 , 2014 and june 29 , 2013 ( in millions , except per share data ) replace_table_token_16_th replace_table_token_17_th items affecting comparability fiscal 2014 items in fiscal 2014 , the company incurred restructuring and transformation related charges of $ 131.5 million under its transformation plan announced in the fourth quarter of fiscal 2014. the charges recorded in cost of sales and sg & a expenses were $ 82.2 million and $ 49.3 million , respectively . these charges , which are primarily associated with our north america business , relate to inventory and fleet related costs , including impairment , accelerated depreciation and severance related to store closures . fiscal 2013 items in fiscal 2013 , the company incurred restructuring and transformation related charges of $ 53.2 million . the charges recorded in selling , general and administrative expenses and cost of sales were $ 48.4 million and $ 4.8 million , respectively . the charges

net cash provided by operating activities decreased $ 48.0 million primarily due to lower net income of $ 378.9 million from fiscal 2014 to fiscal 2015 , partially offset by changes in our operating asset and liability balances of $ 331.4 million . changes in our operating asset and liability balances were primarily driven by changes in accounts payable , inventory , other balance sheet changes and accrued liabilities . accounts payable were a source of cash of $ 64.4 million in fiscal 2015 , driven primarily by the timing of inventory purchases and lease termination payments , as compared to a use of cash of $ 30.2 million in fiscal 2014. inventory was a source of cash of $ 29.2 million in fiscal 2015 , primarily driven by overall lower inventory purchases in fiscal 2015 , as compared to a use of cash of $ 64.1 million in fiscal 2014. other balance sheet changes , net , which primarily relate to other assets , were a source of cash of $ 17.8 million in fiscal 2015 as compared to a use of cash of $ 64.2 million in fiscal 2014 , primarily due to a decrease in tax receivables and changes in deferred tax accounts . accrued liabilities were a source of cash 41 of $ 63.2 million in fiscal 2015 , primarily driven by increased payroll and incentive compensation accruals , as compared to source of cash of $ 14.1 million in fiscal 2014. net cash used in investing activities net cash used in investing activities was $ 612.9 million in fiscal 2015 compared to $ 707.7 million in fiscal 2014 .


 Write a concise suspicious activity report of the following text delimited by triple backquotes. Return your response as a formal report which covers the key points highlighting the location,dates,entity names and account holder information in chronological order of the text.
     ```net cash provided by operating activities decreased $ 48.0 million primarily due to lower net income of $ 378.9 million from fiscal 2014 to fiscal 2015 , partially offset by changes in our operating asset and liability balances of $ 331.4 million . changes in our operating asset and liability balances were primarily driven by changes in accounts payable , inventory , other balance sheet changes and accrued liabilities . accounts payable were a source of cash of $ 64.4 million in fiscal 2015 , driven primarily by the timing of inventory purchases and lease termination payments , as compared to a use of cash of $ 30.2 million in fiscal 2014. inventory was a source of cash of $ 29.2 million in fiscal 2015 , primarily driven by overall lower inventory purchases in fiscal 2015 , as compared to a use of cash of $ 64.1 million in fiscal 2014. other balance sheet changes , net , which primarily relate to other assets , were a source of cash of $ 17.8 million in fiscal 2015 as compared to a use of cash of $ 64.2 million in fiscal 2014 , primarily due to a decrease in tax receivables and changes in deferred tax accounts . accrued liabilities were a source of cash 41 of $ 63.2 million in fiscal 2015 , primarily driven by increased payroll and incentive compensation accruals , as compared to source of cash of $ 14.1 million in fiscal 2014. net cash used in investing activities net cash used in investing activities was $ 612.9 million in fiscal 2015 compared to $ 707.7 million in fiscal 2014 .
```    
 Suspicious Activity Report : key operational and cost measures of the transformation plan include : ( i ) the investment in capital improvements in our stores and wholesale locations to drive comparable sales improvement ; ( ii ) the optimization and streamlining of our organizational model as well as the closure of underperforming stores in north america , and select international stores ; ( iii ) the realignment of inventory levels and mix to reflect our elevated product strategy and consumer preferences ; ( iv ) the investment of approximately $ 50 million in incremental advertising costs to elevate consumer perception of our coach brand , drives sales growth and promote our new strategy , which started in fiscal 2015 ; and ( v ) the significant scale-back of our promotional cadence in an increased global promotional environment , particularly within our outlet internet sales site , which began in fiscal 2014. the company 's execution of these key operational and cost measures were on plan through the end of fiscal 2015 , and we believe that long-term 29 growth can be realized through these transformational efforts over time . for further discussion of charges incurred in connection with the transformation plan , see `` items affecting comparability , `` herein . furthermore , as discussed in note 7 , `` acquisitions , `` the company acquired luxury designer footwear brand stuart weitzman , which we believe will complement our current leadership position in premium handbags and accessories , while immediately adding to the company 's earnings as we continue to make meaningful progress towards our brand transformation . the acquisition was consummated on may 4 , 2015 , and the brand contributed $ 43.0 million in net sales in fiscal 2015 , included within our other segment . current trends and outlook in addition to the risks surrounding the successful execution of our transformation plan initiatives , our outlook reflects a certain level of uncertainty surrounding the global economy . the global economic environment continues to have an impact on consumer confidence , which in turn influences the level of spending on discretionary items . global consumer retail traffic remained relatively weak and inconsistent , which has led to a more promotional environment in the fragmented retail industry due to increased competition and a desire to offset traffic declines with increased levels of conversion . macroeconomic and geopolitical events in greater china and southeast asia have contributed to volatility in consumer spending within the region . furthermore , it is still too early to understand the impact , if any , of mers ( middle east respiratory syndrome ) on consumer spending in asia , including the impact on tourism in the region . within the u.s. , a prolonged and tough winter season impacted demand during the first half of calendar 2015 , however certain limited and recent factors within the u.s. , including an improvement in the labor market and modest growth in overall consumer spending , suggest a potential moderate strengthening in the u.s. economic outlook . it is still , however , too early to understand what kind of sustained impact this will have on consumer discretionary spending . if the global macroeconomic environment remains volatile or worsens , the constrained level of worldwide consumer spending and modified consumption behavior may continue to have a negative effect on our outlook . we will continue to monitor these risks and trends and evaluate and adjust our operating strategies and cost management opportunities to mitigate the related impact on our results of operations , while remaining focused on the long-term growth of our business and protecting the value of our brands . as discussed in part i , item 1 - `` business `` and as part of our transformation plan as described in note 3 , `` transformation and other actions , `` in fiscal 2015 , we have reduced the number of retail stores and total square footage within north america , as we continue to optimize our real estate position . we expect this trend to continue in the next fiscal year with the anticipated closure of approximately 15-20 north america retail stores in fiscal 2016 , attributable to our transformation plan . we expect to continue to see modest to no growth in north america outlet store square footage as we continue to optimize our real estate position across channels by expanding our most productive stores to accommodate a broader expression of lifestyle assortment while continuing to assess opportunities to close under-performing stores . within our international segment , we are expecting to reflect modest growth in our store count over the next few years , particularly within mainland china and europe . lastly , within stuart weitzman , we are expecting modest growth in our real estate position over the next year . for a detailed discussion of significant risk factors that have the potential to cause our actual results to differ materially from our expectations , see part i , item 1a - `` risk factors `` included in this annual report on form 10-k. 30 summary — fiscal 2015 in fiscal 2015 , coach , inc. reported net sales of $ 4.19 billion ( including $ 43.0 million attributable to the stuart weitzman brand ) , net income of $ 402.4 million and net income per diluted share of $ 1.45 . this compares to net sales of $ 4.81 billion , net income of $ 781.3 million , and net income per diluted share of $ 2.79 in fiscal 2014 . in fiscal 2015 , the comparability of our operating results has been affected by $ 145.9 million of pretax charges ( $ 107.8 million after tax , or $ 0.39 per diluted share ) related to our transformation plan , $ 24.6 million of pretax charges ( $ 21.0 million after tax , or $ 0.08 per diluted share ) related to acquisition charges associated with the stuart weitzman brand . story_separator_special_tag the following table presents operating income by reportable segment for fiscal 2015 compared to fiscal 2014 : replace_table_token_14_th ( 1 ) operating income in the other category consists of sales and expenses in coach brand ancillary channels in fiscal 2015 , including licensing and disposition , and sales and expenses generated by the stuart weitzman brand during the final two months of fiscal 2015. north america operating income decreased 29.5 % or $ 343.6 million to $ 820.5 million in fiscal 2015 reflecting the decrease in gross profit of $ 418.1 million which was partially offset by lower sg & a expenses of $ 74.5 million . the decrease in sg & a expenses was due to lower variable selling costs as a result of lower sales in our stores and internet business . operating margin decreased 420 basis points to 33.3 % in fiscal 2015 from 37.5 % during the same period in the prior year due to higher sg & a expense as a percentage of net sales of 390 basis points , primarily due to deleveraging of selling expenses as net sales have declined , and lower gross margin of 50 basis points . international operating income decreased 13.5 % or $ 75.1 million to $ 480.6 million in fiscal 2015 , primarily reflecting a decrease in gross profit of $ 46.5 million as well as higher sg & a expenses of $ 28.6 million . the increase in sg & a expenses is related to a $ 30.8 million increase in greater china and asia , excluding japan , related to new store openings and a $ 24.9 million increase in europe to support growth in the business . the increase in sg & a costs were partially offset by foreign currency effects in japan of $ 32.2 million . operating margin decreased 420 basis points to 29.6 % in fiscal 2015 from 33.8 % during the same period in the prior year primarily due to higher overall sg & a as a percentage of net sales which increased by 240 basis points and lower gross margin of 180 basis points . corporate unallocated operating expense increased $ 74.7 million to $ 708.6 million in fiscal 2015 , an increase of 11.8 % . this increase was primarily attributable to higher charges incurred by the company in fiscal 2015 as part of its transformation plan . excluding items affecting comparability , unallocated operating expenses increased by 8.9 % or $ 44.6 million to $ 547.0 million from $ 502.4 million . this increase is primarily due to higher incentive compensation costs and additional costs incurred particularly related to information technology . 35 provision for income taxes the effective tax rate was 34.2 % in fiscal 2015 , as compared to 30.4 % in fiscal 2014. excluding the items affecting comparability , the effective tax rate was 32.1 % in fiscal 2015 , as compared to 30.6 % in fiscal 2014. the increase in our effective tax rate was primarily attributable to the loss of certain foreign tax benefits that expired at the end of fiscal 2014 , as well as the acquisition-related impact attributable to stuart weitzman . we expect our rate to be lower in fiscal 2016 primarily attributable to the geographic mix of earnings , the expiration of certain statutes , the settlement of audits and the ongoing benefit of available foreign tax credits . net income net income decreased 48.5 % or $ 378.9 million to $ 402.4 million in fiscal 2015 as compared to $ 781.3 million in fiscal 2014 . excluding items of comparability , net income decreased 38.9 % or $ 338.4 million to $ 531.2 million in fiscal 2015 from $ 869.6 million in fiscal 2014 . this decrease was primarily due to lower operating income partially offset by lower provision for income taxes . earnings per share net income per diluted share decreased 47.9 % to $ 1.45 in fiscal 2015 as compared to $ 2.79 in fiscal 2014 . excluding items of comparability , net income per diluted share decreased 38.2 % or $ 1.18 to $ 1.92 in fiscal 2015 from $ 3.10 in fiscal 2014 , due to lower net income . fiscal 2014 compared to fiscal 2013 the following table summarizes results of operations for fiscal 2014 compared to fiscal 2013 . all percentages shown in the table below and the discussion that follows have been calculated using unrounded numbers . replace_table_token_15_th items affecting comparability the company 's reported results are presented in accordance with gaap . the reported gross profit , sg & a expenses , operating income , income before provision for income taxes , provision for income taxes , net income and earnings per diluted share in fiscal 2014 and 2013 reflect certain items which affect the comparability of our results , as noted in the following reconciliation tables . refer to page 41 for a discussion on the non-gaap measures . 36 coach , inc. gaap to non-gaap reconciliation for the years ended june 28 , 2014 and june 29 , 2013 ( in millions , except per share data ) replace_table_token_16_th replace_table_token_17_th items affecting comparability fiscal 2014 items in fiscal 2014 , the company incurred restructuring and transformation related charges of $ 131.5 million under its transformation plan announced in the fourth quarter of fiscal 2014. the charges recorded in cost of sales and sg & a expenses were $ 82.2 million and $ 49.3 million , respectively . these charges , which are primarily associated with our north america business , relate to inventory and fleet related costs , including impairment , accelerated depreciation and severance related to store closures . fiscal 2013 items in fiscal 2013 , the company incurred restructuring and transformation related charges of $ 53.2 million . the charges recorded in selling , general and administrative expenses and cost of sales were $ 48.4 million and $ 4.8 million , respectively . the charges

