85 774
Fashion Jobs
OLD NAVY
Assistant General Manager, Merchandising - Pheasant Run Plaza
Permanent · CHICO
OLD NAVY
Assistant General Manager, Merchandising - Merrimack Premium
Permanent · MERRIMACK
ATHLETA
Assistant General Manager - 18th & 5th
Permanent · NEW YORK
OLD NAVY
Assistant General Manager, Merchandising - Arizona Mills
Permanent · TEMPE
GAP
General Manager - Philadelphia Mills
Permanent · PHILADELPHIA
OLD NAVY
General Manager - Shops at Waldorf Center (New Store)
Permanent · WALDORF
OLD NAVY
Assistant General Manager, Merchandising - Triangle Square
Permanent · NEW YORK
OLD NAVY
Assistant General Manager, Merchandising - Northgate Mall
Permanent · CHATTANOOGA
OLD NAVY
General Manager - Coosa Town Center
Permanent · GADSDEN
OLD NAVY
General Manager - Upper Valley Plaza
Permanent · LEBANON
ATHLETA
General Manager - Issaquah Commons
Permanent · ISSAQUAH
ATHLETA
General Manager - 2nd And Pch
Permanent · LONG BEACH
BANANA REPUBLIC
Assistant General Manager - Home
Permanent · TROY
OLD NAVY
Director, CRM, Marketing
Permanent · SAN FRANCISCO
HENKEL
Senior Automation Tech
Permanent · GENEVA
ESSILORLUXOTTICA GROUP
Customer Service Representative
Permanent · EAST SYRACUSE
ESSILORLUXOTTICA GROUP
Customer Service Representative Classic Optical)
Permanent · YOUNGSTOWN
ESSILORLUXOTTICA GROUP
sr. Manager, Business Growth
Permanent · NEW YORK
ESSILORLUXOTTICA GROUP
Associate Manager, Trade Event Marketing
Permanent · DALLAS
ESSILORLUXOTTICA GROUP
Oakley - Specialized Consultant
Permanent · PEMBROKE PINES
ESSILORLUXOTTICA GROUP
Oakley - Sales Supervisor
Permanent · CAMARILLO
ESSILORLUXOTTICA GROUP
Naasc - Material Handler II (Inbound Team Lead)
Permanent · MCDONOUGH
Published
Apr 19, 2017
Download
Download the article
Print
Text size

Kate Spade reports shaky first quarter results

Published
Apr 19, 2017

Kate Spade & Co announced its results for the first quarter of 2017, the fiscal period ending April 1— and like many other retailers, the results point to a struggle.

Kate Spade


Direct-to-consumer comparable sales dropped by 2.4% (-8.1% if the e-commerce channel is taken out of the equation) and net sales for the first quarter of 2017 were $271 million—a decrease of three million dollars, or 1.2%, compared to the first quarter of 2016. The company’s sales in North America were down 0.6%, while international business was level.

Per the results, the physical stores are the root of the loss. “Despite a challenging retail environment and the later Easter holiday, we achieved yet another quarter of double-digit eCommerce comparable sales growth, which helped offset softness in brick-and-mortar stores,” said Craig A. Leavitt, Chief Executive Officer of Kate Spade & Co. “At the same time, our Board of Directors, together with management, continue to evaluate strategic alternatives to further maximize value for our shareholders.”

But Kate Spade & Co is among several other retailers like H&M, Claire’s Stores, Inc., Bebe and numerous others that are struggling to stay ahead of the perpetually challenging retail game and has yet to negotiate a final sale of the company after receiving an offer from Coach Inc. On the positive side, the company is only down three stores (448 versus 452) from a year ago.

Copyright © 2024 FashionNetwork.com All rights reserved.