Kate Spade Reports Q4 Sales Increase

Kate Spade & Co. (New York) released its fourth-quarter earnings report, which included a higher-than-expected increase in comparable-store sales. Analysts had expected these sales to increase by 11.4 percent, but they actually rose by 14 percent.

According to Reuters, some of that increase can be attributed to the company’s efforts to build its kate spade new york brand, expand its assortment of merchandise to include home decor and children’s items, as well as build up its online business.

Those investments are expected to continue to reap comparable-sales increases in 2016, rising by 10 to 15 percent.

This comes at a time when other luxury handbag purveyors such as Coach (New York) and Michael Kors (New York) have reported a fall in same-store sales for the fourth quarter.