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Kate Spade Saturday and Jack Spade Stores to Close

Kate Spade & Co. announced on Thursday plans to close all 19 Kate Spade Saturday stores and all 12 of the company-owned and operated Jack Spade stores during the first half of 2015, a move the Wall Street Journal reported could cost the company up to $39 million.

By taking these actions, Kate Spade & Co. chief executive officer Craig A. Leavitt said, the company will be able to achieve its lifestyle brand vision and expand product categories.

Read the full story at Sourcing Journal.