We hate to be the bearer of bad news but Kate Spade’s offshoots, Kate Spade Saturday and Jack Spade, are closing all stores. Commence fist shake at sky.
The lower-priced Kate Spade Saturday was introduced just two years ago. Though the brand received rave reviews and was opening locations as recently as the fourth quarter of last year, all nineteen stores will close its doors due to heavy promotions not paying off for weak sales. “Key elements of Kate Spade Saturday’s success” are to be incorporated into Kate Spade. Hopefully this means Saturday can become condensed collections within Kate Spade.
Jack Spade’s closing comes to a bigger shock, as the men’s brand has been part of Kate Spade & Company for 22 years— so long, it has become a menswear staple for accessories. The company’s statement revealed that the reason behind closing Jack Spade stores was to pursue “a new business model… to leverage the distribution network of its retail partners and expand its e-commerce platform.” This means we say goodbye to stand alone brick and mortars but will be able to shop online and through retail partners still. Whew.
Stores will begin to close doors over the first half of the year.