By Suzanne Kapner
Kate Spade's plan to turn around its sliding sales? Reduce choices for consumers.
By the fall, the brand will cut the number of handbag styles it offers by 15%, Tapestry Chief Executive Joanne Crevoiserat said. This will help the big ideas cut through the clutter, she said. Kate Spade also plans to sharpen designs and elevate its handbag styles.
Tapestry Thursday reported a 10% drop in Kate Spade sales in the latest quarter-a contrast to the strong sales growth of Tapestry's Coach brand.
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February 06, 2025 12:00 ET (17:00 GMT)
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