Kate Spade & Company news and archive

Coach completes tender offer to takeover Kate Spade

London - Coach announced that its wholly owned subsidiary successfully completed its tender offer to acquire Kate Spade & Company. The New York-based company has acquired all the outstanding shares of common stock at 18.50 US dollars a share, for a total of 2.4 billion US dollars. The announcement comes after Coach extended its tender offer on...

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Report

Kate Spade Q1 net sales drop 1.2 percent

Kate Spade & Company net sales for the first quarter of 2017 were 271 million dollars, a decrease of 3 million dollars or 1.2 percent, compared to the first quarter of 2016. Adjusted EBITDA was 30 million dollars compared to 35 million dollars for the first quarter of 2016. Commenting on the first quarter performance, Craig A. Leavitt, Chief...

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ManagementFeatured

Kate Spade posts 13.7 percent increase in FY16 net sales

Kate Spade & Company’s net sales for the full year were 1.381 billion dollars, an increase of 139 million dollars or 11.2 percent, compared to the full year 2015. Net sales increased 166 million dollars or 13.7 percent, excluding sales for wind-down operations for the full year 2015. Adjusted EBITDA was 261 million dollars compared to adjusted...

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Management

Kate Spade reports 14 percent rise in Q3 net sales

Kate Spade & Company’s net sales for the third quarter were 317 million dollars, an increase of 39 million dollars or 14.1 percent compared to the third quarter of 2015. Net sales increased 41 million dollars or 15 percent, excluding sales for wind-down operations for the third quarter of 2015. Commenting on the company’s performance, Craig A....

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Business

Kate Spade Q2 net sales increase 13.7 percent

Kate Spade & Company net sales, for the second quarter ended July 2, 2016, were 320 million dollars, an increase of 39 million dollars or 13.7 percent compared to the second quarter of 2015. Net sales increased 47 million dollars or 17.2 percent, excluding sales for wind-down operations for the second quarter of 2015. Commenting on the results,...

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Report

Kate Spade Q2 net sales increase 13.7 percent

Kate Spade & Company net sales, for the second quarter ended July 2, 2016, were 320 million dollars, an increase of 39 million dollars or 13.7 percent compared to the second quarter of 2015. Net sales increased 47 million dollars or 17.2 percent, excluding sales for wind-down operations for the second quarter of 2015. Commenting on the results,...

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Report|REPORT

Kate Spade & Company reports profit in Q1, net sales up 14.5 percent

Kate Spade & Company said that for the first quarter ended April 2, 2016 net sales were 274 million dollars, an increase of 35 million dollars or 14.5 percent compared to the first quarter of 2015, excluding sales for wind-down operations. Reported net sales for the quarter were 255 million dollars. Commenting on the company’s performance, Craig...

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Business|REPORT

Kate Spade Q1 net sale increase 28.4 percent

Kate Spade & Company, for the first quarter ended April 4, 2015 reported net sales, excluding sales for wind-down operations, of 240 million dollars, an increase of 53 million dollars, or 28.4 percent compared to the first quarter of 2014. Reported net sales for the first quarter were 255 million dollars, an increase of 32 million dollars, or...

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Business|REPORT Featured

Kate Spade net sales soar 42 percent in FY14

Net sales for the fourth quarter of 2014 at Kate Spade & Company were 399 million dollars, an increase of 123 million dollars, or 44.7 percent, from the comparable 2013 period, reflecting increases of 50.5 percent in the Kate Spade North America segment and 56 percent in the Kate Spade International segment, partially offset by a decrease in net...

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Apparel

Kate Spade confirms Thomas Linko appointment

Kate Spade & Company has confirmed its previously announced plan and appointed Thomas Linko as chief financial officer. Linko, former chief financial officer and chief operating officer of Juicy Couture, will be responsible for the company’s global finance team and will report to George Carrara, president and chief operating officer. CEO Craig...

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