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Mon, Apr. 20, 12:17 PM
- Kate Spade (KATE +1.8%) fared better than peers in a survey of consumer trends run by Mizuho.
- The results were strong enough for the investment firm to conclude that KS can evolve into a $4B brand which now includes more apparel, footwear, jewelry, and eyewear.
- Shares of Kate Spade are +3.97% YTD and sit 22% off their 52-week high.
Tue, Mar. 31, 9:59 AM
- A better-than-expected report from Movado is giving a lift to some luxury peers.
- Fossil (FOSL +1%), Coach (COH +0.5%), and Kate Spade (KATE +0.2%) are all higher on a down day in the markets.
- Movado was able to take some measures to mitigate the impact of F/X swings.
- Previously: Movado rips 8% gain after guidance pleases
Thu, Mar. 26, 10:10 AM
- Kate Spade (KATE -1.3%) has closed the online store of Kate Spade Saturday after a final sale of products at bargain prices.
- Retail analysts think the lifestyle brand may have reached too high by covering a large number of categories right from the start.
- The company hasn't officially outlined how the brand name will survive within the parent company, according to Racked.
Mon, Mar. 9, 3:15 PM
- More selling pressure on Kate Spade (KATE -2.6%) has pushed shares below $32.
- The stock has lost close to 11% since the middle part of Wednesday.
- Some retail analysts think Kate has been hit too hard by broader F/X concerns over the luxury sector.
- Due to its scale, Kate Spade is a little bit more nimble than peers.
- Cowen Research lumps Kate Space into the group of retailers that it sees benefiting from lower gas prices and unemployment - a distinction not made by all.
Fri, Mar. 6, 9:41 AM
- Nordstrom (JWN +0.3%) announces that its new store in Ontario is now open and sets a timetable for other stores in Canada.
- One more store will be opened this year, followed by two in 2016 and one for 2017.
- A successful launch could see the department store operator add to the expansion pace.
- Side effects: The entry of Nordstrom in Canada could raise the profile of Kate Spade (NYSE:KATE) in the nation due to the brand's prominent positioning in Nordstrom stores.
- Previously: Nordstrom knows how to do Canada: slow (Mar. 05 2015)
Wed, Mar. 4, 9:22 AM
- Kate Spade (NYSE:KATE) plans to make an aggressive push into home goods and furniture through new licensing agreements.
- "The breadth of our home décor line will feature products at all access points in both pricing and distribution from an $8 notebook to an $8,000 piece of furniture," disclosed CEO Craig Leavitt during the earnings call yesterday.
- Kate Spade earnings call
- KATE -1.0% premarket to $34.23.
Tue, Mar. 3, 2:04 PM
- Kate Spade (KATE -2.4%) trades lower following a soft read on margins for 2015 amid F/X pressure in Japan, although the drop is roughly in-line with other luxury stocks which are having a rough day.
- The company's 2015 revenue guidance of $1.2B-$1.275B fell short of the $1.28B that analysts expected.
- During the earnings call, execs reiterated that a measured approach to promotional activity will be the plan this year. Flash sales and either margin-crunching initiatives are likely to be reduced.
- Kids clothing and fragrances are two categories where the company sees sales growth and potential distribution deals.
- Earnings call transcript
- Previously: Kate Spade misses by $0.04, beats on revenue
- Previously: More on Kate Spade's Q4
Tue, Mar. 3, 8:36 AM
- Kate Spade (NYSE:KATE) reports comparable direct-to-consumer sales rose 28% in Q4.
- Segment revenue growth: Kate Spade North America +50.5% to $326.75M; Kate Spade International 56% to $60.07M, Adelington Design Group -40.5% to $11.76M.
- Gross profit rate -380 bps to 57.8%.
- Adjusted operating margin rate declined 179 bps to 13.32%.
- SG&A expenses +33% to $18.77M.
- FY2015 Guidance: Net sales: $1.2B to $1.275B; Adjusted EBITDA: $185M to $200M; DTC comparable sales growth: high single digits; D&A: $50M to $55M; Capex: ~$75M; Interest expense: $18M to $22M; Normalized tax rate: 38% to 40%; Basic share count: ~128M; New store openings: 50 to 55.
- KATE +1.98% premarket
Tue, Mar. 3, 7:25 AM
Mon, Mar. 2, 5:30 PM
Mon, Mar. 2, 3:24 PM
- Shares of Kate Spade (KATE +1.7%) head into earnings day tomorrow with a head of steam.
- Analysts expect the company to Q4 revenue of $389.7M and EPS of $0.27. The crowd as Estimize is at $391M and $0.26.
- The earnings call will be key with execs likely to be questioned on the brand shifting strategies which were recently announced and the impact from the West Coast port slowdown.
- Previously: Kate Spade +7.6% after brand repositioning and guidance update (Jan. 29 2015)
Tue, Feb. 24, 11:23 AM
- Data from NPD Group confirms that athleisure and casualwear are providing the strongest growth in the fashion industry.
- Apparel sales growth was flat Y/Y in 2014 at $208.3B.
- Footwear sales +2% to $62B.
- Accessories +2% to $52.7B.
- Categories with strong demand included sports bras, polo/golf/rugby tops, children's footwear, sports jerseys, handbags, leggings, and jewelry accessories.
- NPD says an "underlying sense of rebellion" driven by millennials is a major factor in the sector.
- Apparel/footwear stocks: CROX, DECK, WWW, SHOO, SKX, SCVL, BWS, FL, FINL, NKE, KATE, ANN, LULU, PVH, VNCE, CRI, UA, HBI, VFC, COLM, GIL, SQBG, JCP, KSS, DDS, M, JWN, ARO, AEO, ANF, WTSL, TLYS, CACH, ZUMZ, PSUN, EXPR, BKE, GIII, SQBG, HBI, VRA, ICON, BWS, PERY, DXLG, BONT, GES, URBN, RL,GIL, OXM, HBI, VNCE, PERY, ICON.
Fri, Feb. 20, 9:52 PM
- Some false alarms earlier, but the AP reports (and union spokesmen and the PMA started confirming) that agreement has been reached with West Coast dockworkers.
- The deal would end a nine-month negotiation that has led to significant slowdowns at 29 West Coast U.S. ports. Labor Secretary Thomas Perez urged the PMA and union workers to come to agreement today.
- The contract still needs union ratification.
- Affected furniture stocks: RH, PIR, HVT, BBBY, ETH, HOFT, OTCQB:BEST, W, LZB, OTCPK:LEFUF, BSET.
- Apparel stocks: KATE, ANN, LULU, PVH, VNCE, CRI, UA, HBI, VFC, COLM, GIL, SQBG, JCP, KSS, DDS, M, JWN, ARO, AEO, ANF, WTSL, TLYS, CACH, ZUMZ, PSUN, EXPR, BKE, GIII, SQBG, HBI, VRA, ICON, SHOO, BWS, PERY, DXLG, BONT, GES, URBN, RL,GIL, NKE, OXM, HBI, VNCE, PERY, ICON, FL.
- Previous coverage of the slowdown
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