Kate Spade posts 13.7 percent increase in FY16 net sales

Kate Spade & Company’s net sales for the full year were 1.381 billion dollars, an increase of 139 million dollars or 11.2 percent, compared to the full year 2015. Net sales increased 166 million dollars or 13.7 percent, excluding sales for wind-down operations for the full year 2015. Adjusted EBITDA was 261 million dollars compared to adjusted EBITDA, excluding wind-down operations of 203 million dollars for the full year 2015. The company also said that it is in the process of reviewing strategic alternatives to enhance shareholder value.