Kate Spade was founded in January 1993 by Kate and Andy Spade. It is an American luxury fashion design house. The company was originally launched as a purveyor of handbags but has since expanded to include clothing, jewelry, shoes, stationery, eyewear, children’s clothes, and other accessories.
Kate Spade New York has over 170 stores worldwide. In 2017, the company was purchased by Tapestry, Inc. which it is a part of now. Regardless of the acquisition, the brand was preserved which is still being used to sell their products. But more than its long successful history to penetrate the fashion industry, why do Kate Spade products so expensive?
Why Is Kate Spade So Expensive?
Kate Spade uses high-quality materials to create products making the final product bound to be expensive. For example, their handbags are made with Italian leather which is some of the best in the world. Also, as a brand, it prides itself on offering some of the most stylish designs from handbags to clothes. It contributes to why their target market is people who are willing to spend more on quality items that will last longer.
1. The Brand Name Reputation
The Kate Spade brand is one of the most popular and easily recognizable in the world. It’s a luxurious fashion label with a high-end feel to it. This is one factor that drives up the prices of their products because people are willing to pay more for a brand name they trust.
2. Materials and Production
Kate Spade products are made with high-quality materials and produced in the best factories. This makes their products more expensive than other brands because they use better quality materials, which cost more money. But for many people, the high price tag is worth it for a product that will last them a long time.
3. The Craftsmanship
The craftsmanship that goes into Kate Spade products is excellent. Their products are made with great attention to detail and it shows in the final product. This is another reason why Kate Spade is so expensive because its products are made with care and precision. You won’t see overlapping or over-stitching in their products.
4. Celebrity Influence
Many celebrities have been seen carrying Kate Spade products, which has helped to increase the brand’s popularity. When people see their favorite celebrities using a certain product, they are more likely to want to buy it as well. This increased demand helps to drive up the price of Kate Spade products. Mindy Kaling, Taylor Swift, and Kate Middleton are some of the public figures that were seen using the brand even without endorsement from the company.
Kate Spade products are also exclusive and not widely available. You’re not going to find them in every store or on every website. While there are stores that carry the brand, these shops are authorized sellers of Kat Spades products. This makes Kate Spade’s products more desirable and people are willing to pay a higher price for something that is not widely available for everyone.
6. They Last Longer
Kate Spade products are made to last. Their clothes don’t fade and their handbags don’t wear out easily. This is another reason people are willing to spend more on Kate Spade products because they know they will get their money’s worth in the long run. And this also contributes to why it is expensive.
7. Investment Pieces
Many Kate Spade products are considered investment pieces. This means that they will hold their value over time and can even be passed down to future generations. For example, a well-made handbag from Kate Spade can last for decades with proper care. And because of this, people are willing to pay more upfront for something that will last them a long time.
8. Status Symbol
Kate Spade products are seen as a status symbol. For many people, owning a piece from this brand is a way to show their wealth and success. And because of this, the prices of Kate Spade products are inflated.
Also, admit it or not, not everyone can buy Kate Spade products unless there’s a sale going on. But regardless of the sale and discounts, the products still come with a hefty price tag.
9. Practical Designs
Kate Spade’s designs are more practical but stylish. They don’t go for the latest trends but rather design timeless pieces that can be used for years to come. This is one reason why their clothes and handbags never go out of style. And people are willing to pay more for something that they know they can use for a long time.
Are Kate Spade Products Worth For Its Price Tag?
Yes, Kate Spade products are worth spending your hard-earned money on. They are made with high-quality materials, excellent craftsmanship, and practical designs. While others see their products as a status symbol, the practicality of the designs and durability of the final products is undeniable.
So, if you’re looking for products that will last you a long time and won’t go out of style, then Kate Spade is the way to go.
How Much Is A Kate Spade Product?
The price of a Kate Spade product will depend on the type of product and its design. For example, a simple handbag can start at $98 while a dress from a collection can cost upwards of $500.
Their most popular handbag, as of writing this article, is Knott Colorblocked Commuter Bag which cost $348 according to their website. For their dress category, the Embroidered Gathered Sleeve Shirt is the most popular one which cost $298. For their other products such as jewelry, shoes, etc., you can check the latest price list via their website at katespade.com
Who owns Kate Spade?
Kate Spade, also known as Kate Spade New York, is currently owned by Tapestry, Inc. (formerly known as Coach, Inc.). The brand was founded by Kate Spade and her husband Andy Spade in January 1993.
Is Kate Spade more expensive than Michael Kors?
According to Chic Pursuit, Kate Spade is more affordable than Michael Kors. Although keep in mind that there are factors that would play in terms of comparing the prices such as the style, sizes, and materials used.
Are Kate Spade and Coach different?
Yes, Kate Spade and Coach are different brands. Even though they are both owned by Tapestry, Inc., each brand has its unique designs, target market, and price point.
Do Kate Spade offer discounts?
Yes, Kate Spade offers discounts on its products from time to time. However, their products are still considered as high-end and would come with a hefty price tag even with the discount. The best way to get updated on their latest sale is by checking their website or subscribing to their newsletter.
How to tell if your Kate Spade is Original?
The best way to tell if your Kate Spade product is original is by checking the quality of the materials used. Their products are made with high-quality materials and excellent craftsmanship. If you’re unsure, you can also take it to a Kate Spade store and have it checked by one of their sales associates.
Does Kate Spade offer a warranty?
Yes, Kate Spade offers a warranty on its products. For more information, you can check their website or contact their customer service.