Retail Woes Continue: Kate Spade Plunges 17% After Slashing Guidance – Blames Lack Of Tourists

Wednesday, August 3, 2016
By Paul Martin

by Tyler Durden
Aug 3, 2016

It wasn’t the hot weather, rainy weather, or Brexit, but Kate Spade still found a convenient scapegoat on which to blame its underperformance after reporting a lower-than-expected quarterly profit as the accessories and apparel maker offered more discounts. Tourists, or rather the lack thereof.

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One Response to “Retail Woes Continue: Kate Spade Plunges 17% After Slashing Guidance – Blames Lack Of Tourists”

  1. rappaport

    Kate is David, a pipsqueak actor comedian on SNL and Joe Dirt. Retail sales are down because women are tired of cheap goods from China and Formosa, Honduras and more China. Besides awful mis-sized clothes (why western wimmen so fat?) Try visiting a ‘department’ store and searching for clothes and a salesperson to help you, not anymore…that’s over. You go into Macy’s and find slacks on a rack that has a sign that says 40% OFF price! You search for a salesperson and you find her and follow her around the store to find a cashier who isn’t sleeping by the register. Then you are challenged: Slacks not on sale no 40% OFF! Sign lie! So you stick to your guns, remember that globalism is a foreign concept and demand to see a manager. She comes running and you explain SLOWLY what your problem is and she sneers at the salesgirl and rings up my sale, accepts my card, gives m an extra discount and wishes me a happy day.

    I will stick to online shopping, apparently everyone else is too. Cheap clothes, non speaking uninterested, no customer service skills, avaricious FOREIGNERS have taken over retail in the USA so everybody who is sensitive to insults and humiliation at the hands of ‘new’ citizens, stays home!


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