Kate Spade Exec on J.C. Penney Turn to Profit

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Feb. 26 (Bloomberg) –- USA Network Founder and Fifth & Pacific Board Member Kay Koplovitz discusses the progress J.C. Penney has made to turn the company around, the Abercrombie & Fitch share buyback and J.Crew’s possible IPO. She speaks to Pimm Fox on Bloomberg Television’s “Taking Stock.” (Source: Bloomberg)

Have you with us.

You have some details on their results.

What do you think of their progress?

I think they are making some rugrats.

It really takes a long time to turn around the company that has slipped to the degree that they have in terms of the customer base and their sales.

I think they are on their way and making some changes.

As they said, it will be slow growth.

They have a turnaround plan for the next 3-5 years and i think they are on that plan.

What would it take to get them shopping at a jcpenney.

I think they have some lovely brands.

They have a former brand of hours, liz claiborne.

Bring you up to date on that.

It is now known as the company.

Jcpenney i think it is really just getting the customer back.

They are doing that.

It just takes time once people have sort of left the store.

It takes time to get them back.

Talk about abercrombie & fitch.

, talk about the abercrombie & fitch brand.

I think it is a recalibration of not only the number of stores and the customers that they are serving.

This is a fairly fickle one.

You have to really work hard to get that customer back.

That is where there challenges.

Do you think that they are going to have an initial public offering for j. crew?

That isn't offering for them.

They're are doing well as a brand.

This is brought privately.

They are bringing some changes on their own.

A little bit easier to do in a private company than a public company.

They have had a turnaround.

That is very difficult.

I think they j. crew is going to come back stronger.

I want to thank you very much.

Coming up, you will hear the

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