Later stages
In 2004, Kate Spade operated only 13 stores in the United States, and did not ship out of the country (Cohen 198). The company initially sold handbags, but eventually extended to include stationery, personal organizers, address books, shoes, beauty products, perfume, raincoats, pajamas, eyewear, and clothing. It now has a full women's clothing line. The business' clothing and handbag lines are featured in retail stores all across the United States. Products are easily and continuously shipped around the world. By 2004, Kate Spade & Co. was worth $70 million, not including the complementary company Jack Spade.[10] Kate Spade has over 180 stores around the world, and is sold in more than 400 stores worldwide (Cohen 198). Kate and Andy went from taking "the nothing black bag" to a creative personalized purse, to later creating merchandise from the simple tote to home decor and bedding.
In November 2006, apparel giant Liz Claiborne Inc. bought Kate Spade for $124 million from Neiman Marcus Group.[11] Andy Spade was initially in charge of company operations, but, in 2007 after the sale of the company, operational control was turned over to Liz Claiborne. Kate Spade expanded their retail stores to include Kate Spade New York Outlets. The brand has over 47 outlet locations across the United States.[12] The outlets offer Kate Spade New York handbags, clothing, jewelry, and accessories at a discounted price. Kate Spade New York Products are also sold in major department stores including Nordstrom, Macy's, and Dillard's. Kate Spade New York handbags, clothing, jewelry, accessories, and home products can be found in these major department stores. Kate Spade Home products are also sold at Bed, Bath and Beyond. As of January 2017, Kate Spade New York also debuted an exclusive collection with Williams Sonoma, including dinnerware, glassware, and flatware.[13]
Tapestry, Inc. purchased Kate Spade & Company in July 2017 for $2.4 billion.[14]
In June 2018, following the death of Kate Spade by suicide,[15] Tapestry, Inc. announced a plan to donate $1 million towards mental health awareness, starting with a $250,000 donation to Crisis Text Line.[16][17][18]