Katespade Continues To Grow At A High Rate Of Growth Of 48%

Fifth&Pacific, which was renamed as < a href= "http://www.91se91.com/news/index_c.asp" > KateSpade < /a > &Co., was sold at the end of February. The Fifth&Pacific sales in the fourth quarter of 2013 amounted to US $427 million. Compared with the same period last year, P increased the number of handbags and small leather products. < /p >
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< p > KateSpade, which accounted for 60% of the group's share, was $256 million in sales in the quarter, a year-on-year increase of 48%, of which the same store sales increased by 30%- compared to the previous year, although sales growth in the fourth quarter was less than 76.4% in the previous quarter (partly driven by new stores), but the same store growth was basically the same (last quarter +31%). < /p >
Like P and a href= "http://www.91se91.com/news/index_c.asp" > lightweight luxury /a > competitive MichaelKors MichaelKors and ToryBurch, KateSpade has also expanded its retail network in the US. Coach, the boss of light luxury group, has been in the doldrums recently. Sales in North America in the previous quarter fell year by year, and 9%- customers continued to drain to other new brands. < /p >
< p > > a href= "http://www.91se91.com/news/index_c.asp" > Fifth&Pacific < /a > net profit in the quarter was 185 million 200 thousand US dollars, a 263% increase. Net profit for the whole year was US $73 million, which is much better than the loss of US $74 million 500 thousand last year. Annual sales of $1 billion 40 million, an increase of 21.2% over the same period. The gross profit margin was 0.9 percentage points lower than that in 2012 due to frequent promotions. < /p >
Last year, Fifth&Pacific sold two of its top brands, JuicyCouture and LuckyBrandJeans., of which JuicyCouture's brand ownership was sold to AuthenticBrandsGroup for $195 million, while Lucky sold to LeonardGreen&Partners- for 225 million dollars, and the deal is expected to be completed by the end of March this year. < /p >
The share price of < p > Fifth&Pacific has increased by 80% in the past year, and its market value is 118.6 times the net profit of the next year. < /p >
P outgoing CEOLeavitt reveals that over the past year, the number of Katespade users and social media fans has increased by 55% simultaneously, of which 60% of users are under 44 years of age. In order to get more teenage users, KateSpade also vigorously promoted KateSpadeSaturday-, which is half of the core brand KateSpadeNewYork. < /p >