March 11, 2015 10:42 AM | 1 min read |
Barclays issued a report on
Kate Spade and Co.
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(NYSE: KATE) on Wednesday saying that there are significant opportunities for growth across geographies, categories and channels. Barclays rates Kate Spade as Overweight with a $41 price target.Analysts Joan Payson and Bridgette Taylor wrote, "Elevating quality of sales, including reducing promotions and flash... will be a key factor in winning over the profitable international consumer by training them that Kate Spade is not a highly promotional or mass brand. Unaided brand awareness globally has doubled in the last 2-3 years, with more eyes now focused on the brand...Management is very confident in its ability to drive comps and productivity: Other factors supporting SSF gains going forward include the recent January launch of a new CRM system across online-brick and mortar; mobile POS strategy; leveraging its digital strategy to introduce home product in stores; regional tailoring/localization; and expanding categories."Kate Spade is using licensing opportunities to increase growth for their company. In February, the company announced a licensing agreement with
Fossil Group Inc. (NASDAQ: FOSL) for the design and distribution of Kate Spade watches. Using Fossil's network will allow Kate Spade to expand its presence in international markets.Kate Spade also plans to expand into the home category by selling furniture, bedding and fabric, using its own stores as showrooms rather than inventory storage, especially for big ticket items.
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New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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