Home / Knowledge / News / Apparel/Garments / Kate Spade's Q3 2015 net sales rise 10.7%
Kate Spade's Q3 2015 net sales rise 10.7%
Nov '15
Kate Spade & Company, global manufacturer and retailer of fashion apparel and accessories, posted net sales of $277 million for the third quarter of 2015, which is a rise of 10.7 per cent as compared to the net sales posted for the corresponding quarter of 2014.

The company attributed the increase in net sales to its adoption of a strategic omni-channel approach, according to its press statement.

The net sales of Kate Spade & Co excluding sales for wind-down operations stands at $275 million for Q3 2015. This figure shows an increase of $57 million or 26.1 per cent as compared to the net sales figure of the corresponding quarter of 2014.

Income from continuing operations for this quarter was $5 million or $0.04 per diluted share against an income of $3 million or 0.02 per diluted share for the corresponding quarter of 2014 as per GAAP method.

Commenting on the results, Craig A Leavitt, CEO of Kate Spade & Company said, “Our third quarter results, including industry-leading comparable sales increases, underscore that the diversified foundation we have created is driving sustainable growth in sales and profitability, even with our deliberate pullback in a number of key sales and promotional events.”

“Moving forward, we will continue to focus on the factors that differentiate our business as a growing global lifestyle brand, including our partnered approach to expansion, controlled points of distribution and relentless quality of sale efforts,” Leavitt said. (MCJ)

Fibre2Fashion News Desk — India

Must ReadView All

Union textiles minister Smriti Irani addressing at the Texprocil Annual Export Awards. Courtesy: PIB

Textiles | On 22nd Oct 2016

Govt to extend special package to home textiles segment

The Central government is likely to extend the recently approved Rs...

Reebok Liquid Speed Grey. Courtesy: Business Wire

Apparel/Garments | On 22nd Oct 2016

Reebok’s Liquid Factory brings sneaker creation to US

Reebok, a pioneer in the sporting goods industry, has brought sneaker ...

Courtesy: GHCL

Textiles | On 22nd Oct 2016

GHCL to invest Rs 67.25 crore in textile division

Chemicals and textiles firm GHCL will invest Rs 67.25 crore in its...

Interviews View All

Smita Murarka

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Eric Scholler

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

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Robert Brunner

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

Igor Chapurin

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

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

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


Browse Our Archives


Advanced Search