Does Coach destroy unsold bags?

I've heard rumors that Coach, a popular brand known for its luxurious handbags, destroys unsold bags. Is this true? If so, why would they do such a thing? It seems like a waste of resources and could be harmful to the environment. Could you provide some insight into their practices and explain the rationale behind this decision, if any? Also, are there any efforts being made to reduce or eliminate this practice?