Katespade To Expand The New Appointment Of Vice President Of The International Department

< p > Kate Spade & Co. (NYSE:KATE) announced on Saturday the appointment of Roy Chan as "a href=" //www.sjfzxm.com/news/index_c.asp "senior vice president of the International Department" /a ", which is a new position and is helping brands actively expand internationally.

Roy Chan will report directly to Group CEO Craig Leavitt.

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< p > Craig Leavitt said that the group aims to locate the international business target two times of the North American region, that is, it hopes that the international community can also occupy the 2/3 of the group, and the first expansion of the market is Asia, Latin America and Europe.

So far, Kate Spade & Co. accounts for only 20% of the group's international business, and the group hopes to reach 1/3. < /p at the end of 2016.

< p > according to the no fashion Chinese network data, Kate Spade & Co. (NYSE:KATE) achieved net profit of US $46 million as of the first quarter of March 31st, including the US $101 million earnings from the termination of the business (Lucky Brand), compared with a net loss of $5,20 million in the same period last year, a loss of $13 million due to the termination of the business, a diluted earnings of $0.37 per share, and a loss of 0.44 US dollars per share during the same period last year.

Among them, Kate Spade brand sales rose 54% to 217 million US dollars in the first quarter, exceeding the market expectation of 202 million US dollars and same store sales growth 22%.

As of March 31st, Kate Spade has 127 retail outlets, 52 discount stores and 46 brand counters.

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< p > early April, Kate Spade & Co. CEO Craig Leavitt attended the opening ceremony of Tokyo new store, said the group's brand Spade Spade New York will open 8-12 stores in China this year, and the brand creative director, Deborah Deborah, revealed that the localization product may be launched in the future.

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< p > at present, Kate Spade New York operates 20 a href= "//www.sjfzxm.com/news/index_f.asp" stores in China, including 6 stores in Hongkong and mainly in eastern China and 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, the Fifth Pacific Cos. Inc. (NYSE:FNP), which has not been renamed Kate Spade & Co. (NYSE:KATE), has been established in Hongkong as the Kate Spade Kate brand Asia Pacific (excluding Japanese market) headquarters, and appointed Co., the chief executive of Kai Yun group.

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< p > February 2014, < a href= "//www.sjfzxm.com" > Kate Spade, LLC < /a > through the paction to tighten the agency in the Asia Pacific region, recover the brand Southeast Asian agent from the Hongkong agent Globalluxe, the paction price is $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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