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Kate Spade & Company (KATE)

- NYSE
  • Apr. 15, 2013, 9:34 AM
    A sale of the Lucky Brand and Juicy Couture labels could fetch as much as $700M for Fifth & Pacific (FNP -0.2%), according to sources. VF Corp. (VFC +0.1%) is in the hunt for the brands along with some P-E firms.
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  • Apr. 12, 2013, 5:07 PM
    Fifth & Pacific's (FNP +1.5%) Lucky Brand and Juicy Couture labels are attracting interest from P-E firms and strategic buyers including VF Corp. (VFC), Bloomberg reports. Lucky likely would fetch the higher price of ~$400M; gross margin expanded as its sales jumped 10% last year to $461M. It is not clear if the brands would be sold together or separately.
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  • Apr. 3, 2013, 1:51 PM
    Shares of Fifth & Pacific (FNP +6%) move higher with reports out indicating the retailer is exploring selling its Lucky Brand and Juicy Couture brands. A review of the books of the two brands by potential buyers is expected to commence this week.
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  • Feb. 21, 2013, 8:02 AM
    More on Fifth & Pacific's (FNP) Q4: The retailer saw an increase in sales in the Kate Spade segment, partially offset a decline in sales in Juicy Couture and Adelington Design Group. The company trimmed its total square footage by 2.2% Y/Y during the period, while direct-to-consumer sales grew briskly. For FY13, EBITDA of $120M to $150M is forecast. (PR)
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  • Feb. 21, 2013, 7:41 AM
    Fifth & Pacific (FNP): Q4 EPS of $0.12 misses by $0.07. Revenue of $487M (+8.8% Y/Y) beats by $2.97M. (PR)
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  • Feb. 21, 2013, 12:05 AM
    Notable earnings before Thursday’s open: AYR, CHK, CMS, DAN, DDS, DNR, ESV, FAF, FNP, GTXI, HEP, HNZ, HRL, HST, IMAX, IRC, LINE, LXP, PCG, PEG, PKD, PWR, PXP, SCG, SFL, SFY, SUI, SWY, TASR, THI, TK, TNK, WMT, WPRT, ZLC
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  • Feb. 20, 2013, 5:30 PM
    Notable earnings before Thursday’s open: AYR, CHK, CMS, DAN, DDS, DNR, ESV, FAF, FNP, GTXI, HEP, HNZ, HRL, HST, IMAX, IRC, LINE, LXP, PCG, PEG, PKD, PWR, PXP, SCG, SFL, SFY, SUI, SWY, TASR, THI, TK, TNK, WMT, WPRT, ZLC
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  • Jan. 14, 2013, 12:45 PM
    Midday top 10 gainers: AZK +33%. NEWL +25%. CBAN +20%. THTI +17%. ADEP +17%. BIOL +15%. HALO +14%. CXPO +11%. FNP +10%. CTC +10%.
    Midday top 10 Losers: TELK -22%. NTE -12%. APT -11%. EDMC -11%. MXT -9%. HGG -9%. SPRO -9%. CRUS -8%. CEDC -8%. CBMX -7%.
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  • Jan. 14, 2013, 10:22 AM
    Shares of Fifth & Pacific (FNP +9.9%) race higher after the company announces it expects 2013 EBITDA of $120M-$150M, well-above its estimate for 2012 which it pegs at $100M-$105M. In Q4, sales of the retailer's Kate Spade brand grew 27% to help offset a 2% decline with Juicy Couture.
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  • Dec. 3, 2012, 9:00 AM
    Fifth & Pacific (FNP) names Paul Blum as the new CEO for the Juicy Couture brand. The ex-Kenneth Cole CEO will take the job immediately, tasked in turning around the struggling Juicy Couture business.
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  • Nov. 7, 2012, 12:05 AM
    Notable earnings before Wednesday’s open: AES, AGU, ARIA, BDX, CLH, CNP, CTSH, CWH, DVN, ENB, FNP, GOLD, HFC, HSP, JRCC, LAMR, LEAP, M, MNTA, MPEL, NIHD, PRGO, SODA, SONS, STWD, TAP, THC, TICC, TWX, VICL, WFR, WLP, WRES
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  • Nov. 6, 2012, 5:30 PM
    Notable earnings before Wednesday’s open: AES, AGU, ARIA, BDX, CLH, CNP, CTSH, CWH, DVN, ENB, FNP, GOLD, HFC, HSP, JRCC, LAMR, LEAP, M, MNTA, MPEL, NIHD, PRGO, SODA, SONS, STWD, TAP, THC, TICC, TWX, VICL, WFR, WLP, WRES
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  • Oct. 25, 2012, 10:45 AM
    Fifth & Pacific (FNP +0.3%) shows a gain after reporting a narrower-than-forecast loss in Q3. Of its three marquee brands, Lucky Brand and Kate Spade showed strong sales, while Juicy Couture dragged down overall results. The retailer showed a higher profit off of less total square footage than a year ago.
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  • Oct. 25, 2012, 7:53 AM
    Fifth & Pacific (FNP): Q3 EPS of -$0.05 beats by $0.02. Revenue of $364.5M (-4% Y/Y) in-line. (PR)
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  • Oct. 24, 2012, 1:03 PM
    Fifth & Pacific (FNP +0.5%) plans to launch a new lifestyle brand in a simultaneous launch online and in brick-and-mortar stores. Kate Spade Saturday includes a variety of brightly-colored fashions offered at lower price points than the retailer's other lines.
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  • Oct. 2, 2012, 10:04 AM
    Fifth & Pacific (FNP -15.3%) slumps after the retailer slashes its outlook for full-year profits with its Juicy Couture brand showing poor results. On the positive side, the company says direct-to-consumer comparable sales for Kate Spade and Lucky Brand rose 21% and 4%, respectively.
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Company Description
Kate Spade & Co designs and markets accessories and apparel under three brands namely kate spade new york, KATE SPADE SATURDAY and JACK SPADE.