Newly named Kate Spade & Co. (former Fifth & Pacific Cos) is looking for a tremendous expansion.
New CEO Craig Leavitt told the investors to anticipate a US$4billion company down the road and US$2billion brand by 2016: “We said that’s a long-term goal. What we said in the midterm is that by the end of 2016, we expect to be a $2 billion brand in retail footprint. We also feel very confident about the $4 billion in the long term". “The growth of our international business is the biggest driver,” Leavitt said, "China and Southeast Asia have been our most productive stores, yet there’s a small number of them. There’s big opportunity for expansion,”
Kate Spade is also looking into expansion through diversifying its product categories, developing sub-brands, enhancing digital experience as well as improving retail store productivity.