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.
The once sleepy handbag brand Kate Spade New York has grown from $126 million to $750 million in net sales in just five years. Now, the company has set the ambitious long-term goal of becoming a $4 billion brand.
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.
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.
SAN FRANCISCO, United States — EBay Inc is launching virtual stores called "shoppable windows" this month that the e-commerce company hopes will help retailers generate more sales from their existing physical store networks.