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Kate Spade lowers 2016 forecast, stock drops 18%


Handbag darling Kate Spade & Company took a drubbing on Wall Street on Wednesday as investors sent its stock down 18.2 percent after the New York company reported disappointing second quarter results. Spade had been a shining star in the accessories segment but its sparkle was definitely absent in the quarter as it was forced...
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Source: New York Post


05:50, August 4, 2016 Lisa Fickenscher

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