Kate Spade Closing Kate Spade Saturday and Jack Spade Stores
Posted on February 2, 2015
Kate Spade has announced plans to close its Kate Spade Saturday stores and its Jack Space stores. The Saturday business is closing but Kate Spade will keep Saturday as a label within Kate Spade. The Jack Spade collection and ecommerce site will continue but the stores are closing.Kate Spade will close all 16 of its Saturday stores as well as three partnered-store locations. They will closed in the first of half of this year. The 12 Jack Spade stores will also close in the first half of 2015.
Kate Spade Saturday also has the great Saturday.com domain name. Kate Spade says the Saturday website will remain active during the wind down phase. After that it will probably be redirect to the main Kate Spade site as "Saturday" becomes a label of Kate Spade and not a separate retail business.
Kate Space CEO Craig A. Leavitt says in a statement, "We continue to focus on two axes of growth - geographic expansion and product category expansion. We are early in our journey as Kate Spade & Company, and we see a clear path to becoming a four billion dollar business at retail. By taking these actions, we will be able to accelerate the fulfillment of our lifestyle brand vision, expanding our product categories and reaching customers in all facets of their lives, better positioning us to deliver on kate spade new york's full potential."
Kate Spade's Saturday and Jack Spade closings come amidst a wave of store closings at women's apparel chains include Wet Seal, C. Wonder, Delia's and others.