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TechKATE SPADE

Kate Spade’s new bags have a surprising new feature

By
John Kell
John Kell
Contributing Writer and author of CIO Intelligence
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By
John Kell
John Kell
Contributing Writer and author of CIO Intelligence
Down Arrow Button Icon
May 18, 2015, 9:00 AM ET
A Kate Spade & Co. Store Ahead Of Earnings Figures
A Kate Spade & Co. store stands in Corte Madera, California, U.S., on Friday, Feb. 27, 2015. Kate Spade & Co. is expected to release earnings figures on March 3. Photographer: David Paul Morris/Bloomberg via Getty ImagesPhotograph by David Paul Morris — Bloomberg via Getty Images

Handbag maker Kate Spade already sells iPhone cases. Now it wants to help charge your phone, too.

The company has joined forces with startup Everpurse to design a new collection of stylish bags that will charge wearer’s iPhones while they’re tucked away. Kate Spade’s (KATE) collection, which debuts this September, will include clutches, totes and backpacks and retail between $198 to $698 each, according to The Wall Street Journal.

A fully charged Kate Spade Everpurse should last two days for a typical iPhone user, Everpurse co-founder and Chief Technology Officer Dan Salcedo told the Journal. The tech-enabled purses and bags will be sold at Kate Spade New York stores, Kate Spade online, Nordstrom (JWN) and Everpurse.com.

Everpurse generated a ton of headlines in 2012 when inventor Liz Salcedo raised $238,000 in a Kickstarter campaign, which led to a collection that launched in 2013 with a new line of bags debuting in 2014.

Kate Spade kicked off the company’s new fiscal year with strong results earlier this month, reporting that first-quarter sales jumped 14% to $255 million. CEO Craig Leavitt said sales were positive across all four key categories: women’s, men’s, children’s and home.

About the Author
By John KellContributing Writer and author of CIO Intelligence

John Kell is a contributing writer for Coins2Day and author of Coins2Day’s CIO Intelligence newsletter.

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