Feb 16 (Reuters) - Handbag and accessories maker Kate Spade & Co said it is exploring strategic alternatives and reported fourth-quarter results.
Kate Spade said it is “conducting a process to explore and evaluate strategic alternatives to further enhance shareholder value.”
The company’s comparable store sales, including its e-commerce operations, increased 9.3 percent in the fourth quarter.
Excluding its e-commerce operations, Kate Spade’s comparable store sales fell 1.5 percent.
Net revenue rose 9.8 percent to $470 million in the quarter ended Dec. 31. (Reporting by Gayathree Ganesan in Bengaluru; Editing by Savio D‘Souza)