Home / Knowledge / News / Apparel/Garments / Kate Spade & Co's net sales up 14.5% in Q1 2016
Kate Spade & Co's net sales up 14.5% in Q1 2016
06
May '16
Courtesy: Kate Spade & Co
Courtesy: Kate Spade & Co
Kate Spade & Company, owner of two globally recognised lifestyle brands – Kate Spade New York and Jack Spade, reported a rise of 14.5 per cent in its net sales to $274 million in the first quarter of 2016, ending April 2, as compared to $255 million in the corresponding period last year.

Kate Spade North America reported net sales of $219 million in the first quarter of 2016, a rise of 17.1 per cent as compared to $196 million in the previous year. Net sales for Kate Spade International stood at $49 million in this period as compared to $47 million, a rise of 3.2 per cent.

Adelington Design Group reported net sales of $7 million in Q1 of 2016, a rise of 23.8 per cent as compared to the corresponding period of 2015.

Commenting on the results, Craig Leavitt, CEO of Kate Spade & Company said, “Our first quarter results reflect the stronger, refocused Kate Spade & Company and underscore the effectiveness of our differentiated strategy.”

“We continue to focus on our powerful multi-channel approach, especially fueled by the robust performance of our global e-Commerce business, which helped drive our industry-leading comparable sales growth of 19 per cent,” he added.

The company expects net sales in the range of $1.38-1.41 billion in the full-year 2016. (MCJ)

Fibre2Fashion News Desk - India


Must ReadView All

Textiles | On 27th Jun 2017

Govt defers tax deduction at source provision under GST

E-commerce players in India will not be required to deduct tax on...

Apparel/Garments | On 27th Jun 2017

Future Group aims Rs 12,000 crore in fashion business

Future Group, which runs retail stores across India under various...

Textiles | On 27th Jun 2017

AEPC & NSDL to help exporters with GST compliances

Apparel Export Promotion Council (AEPC) and National Securities...

Interviews View All

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
July 2017

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search