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

Pic: Shutterstock

Textiles | On 25th Feb 2020

US surpasses China as India's biggest trading partner

The United States has surpassed China to become India's top trading...

Pic: Shutterstock

Textiles | On 25th Feb 2020

Coronavirus may shift buyers to Turkey, fuel cotton growth

The coronavirus outbreak will cause a possible shrinking of China's...

Pic: Shutterstock

Apparel/Garments | On 25th Feb 2020

Tough for Vietnamese firms to follow EVFTA rules of origin

Though Vietnamese textile and garment firms are aware of the...

Interviews View All

Top executives, Textile industry

Top executives
Textile industry

Textile institutes need to change their curriculum

Milind Khandwe, Hindoostan Innovation Centre

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Top executives, Textile & apparel bodies

Top executives
Textile & apparel bodies

The mid-term review of FTP is progressive, growth oriented

Ashish M Amin,

Ashish M Amin

Premier Looms is a leading provider of cutting-edge machinery and...

Valter De Carli,

Valter De Carli

Savio Macchine Tessili is at the head of a group that holds a know-how of...

Uhan Soebiantoro,

Uhan Soebiantoro

Luckytex is an integrated textile manufacturing company founded by...

Keith McMillen, Bebop Sensors

Keith McMillen
Bebop Sensors

Bebop Sensors' smart fabrics allows for a new level of interaction between ...

Mary-Cathryn Kolb, Brrr°

Mary-Cathryn Kolb
Brrr°

Atlanta-based private start-up Brrr° was founded in 2014 to develop...

Ashok Desai, Bombay Textile Research Association

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Divvya and Nidhhi Gambhir, Walnut

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Pranav Mishra, Huemn

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Yash P. Kotak, Bombay Hemp Company

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

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

Leave your Comments


February 2020

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


Advanced Search