Kate Spade Will Open 8-12 Stores In China This Year.

< p > us a href= "http://www.91se91.com/news/index_c.asp" > Apparel Group "/a Kate Kate Spade Co." chief executive officer Craig Leavitt attended the opening ceremony of Tokyo new store, said that the group's brand name Kate Leavitt will open 8-12 stores in China this year.

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< p > at present, Kate Spade New York operates 20 stores in mainland China, while 6 in Hongkong. The stores in mainland China are mainly concentrated in East China, as well as Beijing, Chengdu and Shenyang.

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< p > over the past half year Kate Spade & Co. has been designing the Chinese market.

In September 2013, Fifth and Pacific Cos. Inc. (NYSE:FNP), not yet renamed as Kate Spade & Co., was established in Hongkong as the headquarters of the Kate Asia Spade New brand in the Asia Pacific region (excluding Japanese market), and appointed as the vice president of the Asia Pacific region of the Asia Pacific region, the former vice president of the Greater China region, Steve Wong.

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< p > February 2014, Kate Spade and LLC withdrew from the Hongkong agent Globalluxe, through the paction tightening of the agency power in the Asia Pacific region, to withdraw its brand Kate Spade New York from the Southeast Asian a href= "York" > the agent price < 34 million >.

After the repurchase agent, the goalkeeper in Hongkong, Taiwan and Macao will be directly run by Kate Spade and LLC.

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Deborah Lloy, creative director of P Kate Spade New York, said in an interview with reporters that in the Japanese market, brand names and catwalks are more popular and jewelry designs are more sophisticated in order to cater for the local market.

Deborah Lloy expressed the hope that products could be developed according to local consumers' tastes in the future.

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< p > > a href= "http://www.91se91.com/news/index_c.asp" > Kate Spade < /a > achieved net sales of $256 million in the fourth quarter of December 28, 2013, an increase of 48% over the same period in 2012, a larger increase of 30% in the same store, and an increase of 49% to 64 million dollars in adjusted EBITDA (interest tax depreciation before amortization) compared with 43 million in 2012.

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The contribution of P Kate Spade Japan business to sales rose from $16 million in the fourth quarter of 2012 to US $26 million.

In the 2013 fiscal year, Kate recorded a 37.4% increase in EBITDA after the adjustment of the Spade EBITDA, rising from $95 million to $130 million.

The Kate Spade & Co. (NYSE:KATE) group as a whole (excluding Lucky Brand but contains Juicy Couture) turned into a deficit, earning a net profit of $74 million, or a profit of $0.60 per share, a loss of $70 million in fiscal 2012, or a loss of 0.64 US dollars per share.

Net sales of $1 billion 265 million for the whole year benefited from Kate Spade, an increase of 21.2% over the same period.

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< p > Fifth Pacific Companies developed from the original Liz Claiborne Inc., Inc. (NYSE:FNP) was officially renamed Kate Spade & Kate in February 26th, and its stock trading code will also be changed to (") to reflect the" downsizing "results after the group has sold the two brands of the company.

And Kate Spade brand CEO Craig Leavitt also took the place of the former chief executive of the company, William L. McComb.

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