Kate Spade & Co reported better-than-expected quarterly sales at established stores, driven by demand for its top-of-the-range kate spade new york handbags and accessories. Kate Spade has been focusing on the kate spade new york brand and investing in its online business, strategies that analysts say have helped the company fight the effects of a slowdown in the handbag market in North America. “These new products (in kate spade new york) help us continue to acquire new customers,” Chief Executive Craig Leavitt said on a conference call with analysts.
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Kate Spade aces holiday quarter with same-store sales beat
