Kate Spade is Weighted on Tapestry Sales

Said Tapestry Inc. sales of the same shop by its Kate Spade brand fell by 11% in the last quarter, drawing down overall sales by the Coach label owner and other fashion.

Tapestry CEO Victor Luis said on Thursday that sales of new products from the previous design team were injured for Kate Spade's sales. Overall, Kate Spade's sales fell by 1% to $ 428 million.

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