Shares of Kate Spade & Co (NYSE:KATE) ended Tuesday session in green amid volatile trading. The shares closed up +0.51 points or 2.90% at $18.07 with 1.83 million shares getting traded. Post opening the session at $17.60, the shares hit an intraday low of $17.48 and an intraday high of $18.07 and the price vacillated in this range throughout the day. The company has a market cap of $2.31 billion and the numbers of outstanding shares have been calculated to be 128.03 million shares.
Kate Spade & Co (KATE) designs and markets apparel and accessories. The company operates in three segments: KATE SPADE North America, KATE SPADE International, and Adelington Design Group. It offers briefcases, handbags, small leather goods, fashion accessories, jewelry, fragrances, and apparel for men, women, and children; and licensed products, including footwear, swimwear, watches, children’s wear, optics, tabletop products, legwear, electronics cases, furniture, bedding, and stationery. The company markets and sells its products under the AXCESS, KATE SPADE SATURDAY, JACK SPADE, MARVELLA, KATE SPADE, MONET, kate spade new York, and TRIFARI brand names.
Shares of Foot Locker, Inc. (NYSE:FL) ended Tuesday session in green amid volatile trading. The shares closed up +0.50 points or 0.74% at $68.08 with 2.15 million shares getting traded. Post opening the session at $67.60, the shares hit an intraday low of $67.25 and an intraday high of $68.28 and the price vacillated in this range throughout the day. The company has a market cap of $9.07 billion and the numbers of outstanding shares have been calculated to be 133.25 million shares.
On Sept. 13, 2016 Foot Locker, Inc. (FL), the New York-based specialty athletic retailer, in collaboration with PENSOLE Footwear Design Academy and ASICS America, revealed the winning sneaker design developed during the first “Fueling the Future of Footwear” Master Class. Foot Locker will sell only 300 pairs of this exclusive, limited-edition ASICS GEL-Lyte III® “PENSOLE Reflect” design starting Sept. 17 at select Foot Locker locations, including:
- New York – 112 West 34th Street
- Los Angeles – 8500 Beverly Boulevard
- London – 283 Oxford Street
- Paris – 4-6 Rue Pierre Lescot
- Milano – Corso Vittorio Emanuele II, 24/28
- Toronto – 247 Yonge Street South
- Tigard, Ore. – 9459 SW Washington Square Road
Together, the brands selected 18 students out of 1,400 applicants with skill sets across design, engineering and business to compete in six teams and create a new silhouette for the ASICS GEL-Lyte III sneaker. The three-week design course, which took place in July 2015, featured an intense competition built upon Foot Locker’s commitment to delivering the freshest, athletic-inspired footwear and PENSOLE’s “learn by doing” footwear design process. The winning team created a compelling custom design for the iconic ASICS GEL-Lyte III sneaker.
“Through our partnership with PENSOLE, we are committed to fostering innovation and creativity in the next generation of footwear designers and we are thrilled to debut our first winning ASICS design,” said Andy Gray, vice president and general manager of Foot Locker U.S. “Offering this special, limited-edition ASICS GEL-Lyte III design created by a team of fashion-forward thinkers truly demonstrates the core of everything Foot Locker stands for: delivering the freshest and most innovative products to our customers.”