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Kate Spade Case Summary

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Early in the day, Kate Spade and Company was at a high of $19.94, however it declined by the end of the day. The low is reported to be $19.40 around noon. Kate Spade shares have dropped since the beginning of April. For the past year, shares have been low by 8.5%, but have increased by 22.1% for the year. Recently, they have dropped 12.7 percent, but it is said to increase if they are able to arrange a deal with Coach Inc. During summer of last year, earnings dropped abruptly because of the merchandise that was being sold. Customers were not interested in the designs produced at that time. Since no customers were buying, the company was spending money to produce something that was not being bought therefore there was no profit gained from

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