Tapestry sees double-digit revenue growth for Kate Spade in FY19
Says took significant steps to position Kate Spade for solid, sustainable growth. Says will focus on global expansion. Expects to add 60-70 stores globally. Says will act locally to ensure company translates relevance. Says will evolve branding to play to core attributes. Says will introduce exceptional and aspirational products. Says upgrading product quality while maintaining price. Says will create immersive channel experiences. Says will elevate customer experiences and build on leadership in digital e-commerce. Says will leverage tapestry platform to optimize supply chain and accelerate growth. Says confident it will be a year of double-digit revenue growth for Kate Spade. Says will continue to see a significant improvement in margin. Says believes Kate Spade brand can approach $2B in sales over time.