NEW YORK, United States — Kate Spade & Co., the handbag maker with aspirations to be a global lifestyle brand, jumped as much as 12 percent in early trading after beating quarterly earnings estimates and raising its annual forecast.
The Savigny Luxury Index fell 2.2 percent over the month, as adverse foreign exchange movements continue to weigh on the luxury sector’s growth.
BoF compiles the most important professional moves of the week.
The Savigny Luxury Index continued its upward ascent gaining over two percent this month, driven by positive newsflow and reassured prospects for the Chinese economy.
Fashion retailers are increasingly integrating slick interactive technology into their physical flagships. But is all this in-store technology actually making the tills ring or merely providing opportunities for short-term PR?
NEW YORK, United States — Kate Spade's revenue surged in the first quarter on the strength of its namesake brand even as the retailer's loss from continuing operations widened. Its shares climbed in afternoon trading.
NEW YORK, United States — Kate Spade wants to be Ralph Lauren. Looking to quadruple retail sales to $4 billion, the handbag maker is modeling itself on Lauren’s empire: a global lifestyle brand selling everything from apparel to home goods.
The China Edit is a weekly curation of the most important fashion business news and analysis from and about the world’s largest luxury market.
SHANGHAI, China — As Chinese shoppers get better acquainted with so- called accessible luxury brands, they’re discovering a designer wardrobe doesn’t have to cost them months of pay.
NEW YORK, United States — Fifth & Pacific Cos., the clothing retailer that’s selling brands, said Chief Executive Officer William McComb is leaving and being replaced by Craig Leavitt, who heads the Kate Spade division.
NEW YORK, United States — Kate Spade, the fashion label owned by Fifth & Pacific Cos., may become the next must-have accessory for acquirers in the retail industry.
NEW YORK, United States — Coach Inc., the largest U.S. luxury handbag maker, said fiscal fourth-quarter profit fell 12 percent as discounts and weak handbag sales hurt revenue in North America.