Home / Knowledge / News / Apparel/Garments / Net sales grow 13.7% at Kate Spade & Co in Q2FY17
Net sales grow 13.7% at Kate Spade & Co in Q2FY17
10
Aug '16
Net sales for the second fiscal quarter ended July 2, 2016 at US based apparel marketer Kate Spade & Company grew to $320 million, an increase of $39 million, or 13.7 per cent year on year.

Second quarter of fiscal 2016-17 direct-to-consumer comparable sales rose 4 per cent or just 1 per cent, when excluding ecommerce.

Comparable sales per square foot for Kate Spade New York stores were $1,619 for the latest twelve months as against $1,611 for the twelve month period ended April 2, 2016.

Gross profit as a percentage of net sales was down to 59.7 per cent for the reporting quarter vis-à-vis 61.0 per cent for the prior fiscal's second quarter.

For the quarter under review, income from continuing operations was $25 million, or $0.19 per diluted share versus $9 million, or $0.07 per diluted share, in the second fiscal quarter of 2015-16.

Diluted earnings per share from continuing operations in the reporting period using a normalised tax rate were $0.11 as against adjusted diluted earnings per share of $0.08 in the earlier fiscal's same quarter. (AR)

Fibre2fashion News Desk - India


Must ReadView All

Apparel/Garments | On 25th Jun 2017

Half of 7,000 new apparel online each day target women

Adobe has released its first Digital Price Index for apparels,...

Textiles | On 25th Jun 2017

First Insight, Chico's FAS enter partnership

First Insight, a technology company transforming how retailers make...

Apparel/Garments | On 25th Jun 2017

Expand changing use of social and web resources

With over 400 million impressions to date and web traffic of over two ...

Interviews View All

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Eric Scholler
Groz-Beckert

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

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...

Igor Chapurin
Chapurin

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

Rupa Sood and Sharan Apparao
Nayaab

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

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

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:
June 2017

June 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