 | Under Leavitt and Lloyd's leadership, Kate Spade fashion apparel and accessories have been striking a cord with men (Jack Spade) and women. Sales growth has risen dramatically in the last five years from $91 million to $462 million, a 410% increase. There is now talk of reaching $1.2 billion by 2016. This includes wholesale sales, which on a retail basis would equate to about $2 billion. At the end of 2012 there were 205 Kate Spade New York stores in 20 countries plus 12 Jack Spade stores in 4 countries. This included 171 full price stores and 46 outlet stores. The company projects that by 2016 Kate Spade New York will reach 475 550 company owned and partnered owned stores worldwide with 250 300 in North America. |