Bag It
Kate Spade Needs to Close Its Deal
A grim earnings report has taken the shine off its shares.
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Kate Spade should stop dragging its heels.
The handbag maker on Tuesday reported first-quarter sales fell 2.4 percent from a year ago, or 8.1 percent excluding e-commerce -- its first same-store sales decline since 2010. Shares fell 8 percent.