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 10th Dec 2016

US textile & apparel imports fall 6.50% in Jan-Oct ’16

The import of textiles and apparel by United States dropped 6.50 per...

Courtesy: ZDHC

Textiles | On 10th Dec 2016

China Textile Information Centre joins ZDHC programme

China Textile Information Centre (CTIC), a state-owned research...

Apparel/Garments | On 10th Dec 2016

Amazon India aims to be India’s biggest fashion retailer

Since fashion is the second biggest ecommerce category in India,...

Interviews View All

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

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
December 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search