Emilia Fabricant will join Kate Spade as executive vice president, president of North America, effective June 29.
In this new role, Fabricant will oversee the company’s North American business, with responsibilities across all distribution channels. She reports to Craig A. Leavitt, chief executive officer.
Most recently, Fabricant was executive vice president of Aeropostale Inc., overseeing design and merchandising across all divisions and served as president of Gojane.com. Earlier she was president of Bebe Stores Inc., as well as president and chief merchandising officer of Charlotte Russe Inc. Fabricant also founded Cadeau Maternity and was president and chief merchandising officer of eStyle Inc., following its acquisition of Cadeau. She began her career with Barneys New York, where she held several management roles, rising to senior vice president, women’s Co-op and Outlet division.
“Emilia’s combination of experience with luxury retailers, mall-based retailers and online businesses makes her an excellent fit for our team,” Leavitt said. “She will bring valuable leadership and perspective as we continue to focus on our channel-agnostic approach and on fulfilling our lifestyle vision to drive profitability. As our business continues to expand across our four category pillars — women’s, men’s, children’s and home — Emilia will play a central role in overseeing all aspects of our distribution channels in North America.”
Fabricant said, “I have watched the company build incredible momentum in North America and grow consumer appeal and demand across product categories.” She said she was eager to apply her experience in brand management and merchandising to the company.
For the quarter ended April 4, Kate Spade had a net loss of $55.2 million, or 43 cents a diluted share, against net income of $46.2 million, or 37 cents, a year ago. On a continuing operations basis, the loss widened to $54 million, or 42 cents, compared with a year-ago loss of $38 million, or 31 cents. Net sales gained 14.2 percent to $255.3 million from $223.6 million. Spade said comparable store sales increased 6 percent, and was up 9 percent including e-commerce for all direct-to-consumer sales. Excluding the wind-down of certain business operations, gross profit as a percentage of sales was 62 percent.
The company said the latest quarterly results were boosted by growth in women’s handbags and small leather goods — the core component of the women’s pillar. Additional growth pillars include men’s, with the Jack Spade assortment; children’s, which includes the introduction of baby and layette in August, and home.