KATE SPADE Q1 DISAPPOINTS AS SALE RUMORS SWIRL

In The Daily Scoop by Lauren Parker, Accessories MagazineLeave a Comment

Kate Spade on Tuesday posted unexpectedly weak first quarter earnings, in which net sales fell 1.2% or $3 million to $271 million — missing the FactSet analyst forecast for $299 million cited by MarketWatch. Q1 direct-to-consumer same-store sales declined 2.4%, or 8.1% excluding e-commerce. Same-store sales per square foot for Kate Spade New York stores were $1,516 for the latest twelve months, compared to $1,557 for the twelve month period ended Dec. 31, 2016. Read more at Retail Dive

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