Kate Spade & Co. (NYSE: KATE) reported Q1 EPS along with $0. 01, $0. 01 much worse than the analyst estimate of $0. 02. Revenue for the quarter arrived at $255 million versus the comprehensive agreement estimate of $244. 9 people of.
First quarter 2015 direct-to-consumer pareil sales growth of 9%.
The company and in addition Exclusive Brands International S. Good. (EBI), a leading retailer and supplier in Latin America and the Carribbean, today announced plans to expand these Kate Spade iPhone 5 case new york brand presence with Latin America with a new distribution coevalness. Under the terms of the agreement, EBI is going to have distribution rights to the kate spade oregon brand, spanning 17 territories inside the Central and South America and the Carribbean.
The newly formed strategic partnership likely will leverage EBI's understanding of the region, overseas brand experience, and proven meeting your goal at helping brands grow if you want to expand the kate spade new york presence in Latin America and deliver kate spade new york products to regions where the Company does not currently have go shopping, wholesale, or eCommerce presence.
Craig A. Leavitt, Chief Executive Officer of Kate Spade & Company, said: "Latin America offers significant untapped prospective where we see meaningful opportunity for gains. Currently in this region, we see significant producer awareness, increasing demand for our companies the desire to engage with the kate spade oregon brand more deeply. We look forward to hooking up with these customers and providing these access to the kate spade new york nightside table in their own countries. "
Mister. Leavitt continued: "Our partnership having EBI is important as we establish a secure foundation for the kate spade new york producer across Latin America, helping american build scale and accelerate gains in that region. This strategic venture is an important milestone in Kate Spade & Company's progression along particularly geographic expansion axis and is per our partnered approach to expansion. type
"We are extremely pleased to be joining up with Kate Spade & Small business} to launch the kate spade oregon brand in Latin America. Resolution confident that kate spade new york's colorful and sophisticated designs, aside from EBI's extensive experience in plus the and distribution in Latin Africa, will enhance the brand's success, type said Alfredo Maduro Z., BOSS of Exclusive Brands International H. A.
In connection with the partnership, nippon air brake will no longer operate directly in The company and will evaluate the business in the region together with EBI. Kate Spade & Small business} will continue its successful ongoing distribution agreement with Grupo Axo in Mexico, where kate spade oregon already has four stores and in addition two points of distribution.
For salary history and earnings-related data on Kate Spade & Co. (KATE) click on this link.
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