Kate Spade completes acquisition of Kate Spade Japan
New York — Fifth & Pacific Cos.-owned Kate Spade said Wednesday it has completed the acquisition of joint-venture partner Sanei International Co.’s 51% interest in Kate Spade Japan Co.
Kate Spade Japan was a joint venture that was formed between Sanei and Kate Spade in August 2009. Kate Spade Japan operated the Kate Spade and Jack Spade businesses in Japan, and Kate Spade will continue to operate the businesses in Japan though its Japanese subsidiary.
The purchase price was $47.6 million.
Analysts forecast potentially gloomy Halloween from Sandy
New York — Sales of Halloween candy, decorations and other items may not reach the $8 billion mark anticipated earlier by the National Retail Federation as Hurricane Sandy turned consumers’ attentions elsewhere.
While plan-ahead shoppers had already made Halloween purchases prior to Sandy’s arrival, the hurricane would have curtailed last-minute shopping for Halloween supplies. Raymond James analyst John Ransom suggested that drug stores would be the hardest hit and that, while hurricane preparations could have boosted revenue for the chains, a scaled-down Halloween would hurt sales, as reported by the Associated Press.
Trick-or-treating in the East will likely be stymied, as well, as downed power lines and flooded and debris-covered streets may cause parents to keep their children home.
New Jersey Governor Chris Christie said Tuesday that he would sign an executive order rescheduling Halloween if conditions on Wednesday are not safe for trick-or-treating. Towns in New Jersey, upstate New York, Pennsylvania and New Hampshire have already made or are considering similar moves, according to AP.
Baker & Taylor optimizes online catalogue for mobile use
CHARLOTTE, N.C. — Baker & Taylor, a distributor of digital and physical books and entertainment products, announced that it has enhanced its popular Axis 360 digital media platform by releasing a mobile version. The mobile version of Axis 360 is designed to leverage the functionality of native Web browsers built into multi-function devices, smartphones and tablets running on the iOS, Android and BlackBerry operating systems.
With this latest release, users browsing a library’s online catalogue on their mobile devices can now experience Axis 360’s compelling and easy-to-use interface in a version designed specifically for mobile technology. This mobile version means that users can view a library’s entire collection on their smartphones or tablets, select an ebook, check out, download and read their borrowed material smoothly and directly on their device.
"People are reading more ebooks in more places with more devices, and today’s enhancement to Axis 360 ensures that their local library’s digital collection is always there for them," said George Coe, president of library and education at Baker & Taylor. "To help libraries boost the circulation of digital materials, we have adapted the outstanding features of Axis 360 to the functionality and convenience of mobile devices. This gives patrons the freedom to check out ebooks not just at home, but in line at the grocery store, waiting at a doctor’s office, or anywhere else they might want to enjoy content."