Kate Spade Wants to Sell $8,000 Furniture

Kate Spade has taken another step toward its goal of being the next Ralph Lauren by announcing new lines of furniture and home goods. On Tuesday, the company announced it's entering into four new licensing agreements to expand into furniture, bedding, bath, wallpaper, rugs and other household items. "The breadth of our home décor line will feature products at all access points in both pricing and distribution from an $8 notebook to an $8,000 piece of furniture," Kate Spade CEO Craig Leavitt said on a conference call with analysts on Tuesday.