>>
Home / Knowledge / News / Apparel/Garments / Q2FY17 net sales tumble 24.1% at clothing retailer Vince
Q2FY17 net sales tumble 24.1% at clothing retailer Vince
10
Sep '16
Courtesy: Vince Holding
Courtesy: Vince Holding
Net sales tumbled 24.1 per cent year over year to $60.7 million at clothing retailer Vince Holding for the three months ended July 30, 2016. Of this, wholesale segment net sales slipped 32.1 per cent, while direct-to-consumer segment turnover fell slower at 2.8 per cent and comparable sales, which include ecommerce revenues, decreased 18.7 per cent.

In the second quarter of fiscal 2017, gross profit totaled $27.4 million, or 45.1 per cent as against gross profit of $20.8 million, or 26.0 per cent of net sales, in the second quarter of fiscal 2016.

According to Vince, the reporting quarter includes a $14.4 million charge associated with the write-down of excess inventory and aged product to expected net realisable value.

Operating loss for the quarter under review was $4.3 million vis-à-vis operating loss of $6.5 million in the prior fiscal's second quarter. But excluding the inventory write-down and net management transition costs, operating income for the second quarter of fiscal 2017 was $10.8 million.

The retailer was able to reduce its net loss to $2.0 million, or $0.04 per share in the reporting period versus net loss of $5.0 million, or $0.14 per share in the earlier fiscal's same quarter. (AR)

Fibre2Fashion News Desk – India


Must ReadView All

Pic: U.S. Senator Kirsten Gillibrand

Textiles | On 17th May 2022

FABRIC Act introduced in US Senate, to protect 100,000 garment workers

Senator Kirsten Gillibrand recently announced the introduction of her ...

Pic: Shutterstock

Textiles | On 17th May 2022

US-EU TTC finalises economic, tech policies, initiatives at Paris meet

The US-EU Trade and Technology Council, in its second ministerial...

Pic: Shutterstock

Textiles | On 17th May 2022

Global fiscal recovery to slow in 2022 & 2023: Fitch Ratings

Global fiscal recovery in 2021 that followed the COVID-19 shock of...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Extension of RoSCTL to boost textile exports

Textile Industry, Head honchos

Textile Industry
Head honchos

Biggest learning was adaptability

Textile Industry, Head honchos

Textile Industry
Head honchos

Marry with brand ethos

Jeffrey F Hsu,

Jeffrey F Hsu

As a world leading textile innovation and solutions company, NTX creates...

Dr. Ajay Sahai,

Dr. Ajay Sahai

Set up in 1965 by Ministry of Commerce, Government of India to focus the...

G Tumbarello,

G Tumbarello

Lilly + Sid is an award-winning organic children's clothing company from...

Sachin Pendharkar, Dieffenbacher India Pvt Ltd

Sachin Pendharkar
Dieffenbacher India Pvt Ltd

Germany-based Dieffenbacher Group is a producer of high-quality composites ...

Serkan Gogus, Mogul Nonwovens

Serkan Gogus
Mogul Nonwovens

Mogul is a global player ranked among the top 40 nonwoven producers in the ...

Giulio Cesareo, Directa Plus

Giulio Cesareo
Directa Plus

UK-based Directa Plus is one of the largest producers and suppliers...

Archana Jaju, Label Archana Jaju

Archana Jaju
Label Archana Jaju

<b>Archana Jaju</b>’s Hyderabad-based eponymous label works with artisans...

Rocky Star, Label - Rocky Star

Rocky Star
Label - Rocky Star

<b>Rocky Star,</b> an Indian designer known for his inspiration from the...

Jaclyn Hodes, Label - AWAVEAWAKE

Jaclyn Hodes
Label - AWAVEAWAKE

Founded in 2012, New York-based plant dyed luxurious lifestyle brand...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments

ESTEEMED CLIENTS

Thermore (Far East) Ltd.
Kornit Digital Asia Pacific Ltd
IFF Media Ag - International Media Services
Infor (Hong Kong) Limited
TESTEX AG, Swiss Textile Testing Institute
TEXVALLEY MARKET LIMITED
Sportswear Company Spa
UBM China (Shanghai)
VNU Exhibitions Asia
Lottmann Communications
Coats Digital Limited
Flainox S.r.l.
X-Rite Asia Pacific Limited (HK)
Datatex Consulting Srl
LC Waikiki
Boardriders Asia Sourcing Limited
Asos
Reiter India Private Limited
John Varvatos
TESCO INTERNATIONAL SOURCING LIMITED
Kern – Liebers Textile
Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)
Equinox Impex India
Lacoste (Wanchai)
Vardhman Textile Ltd
Splash
Lifestyle
EMBEE CORPORATION
Lectra Technologies India Pvt Ltd.
Weitmann & Konrad GmbH & Co. KG
DyStar India Pvt. Ltd
Gloria Jeans
Amazon China
SHAHI Exports Pvt Ltd
IDH – The Sustainable Trade Initiative
Page Industries Limited (Bangalore)
Target Corporation (MN)
Desigual - ABASIC, S.A.
Truetzschler India Private Limited
Sainsbury's Argos Asia Limited
Savio Macchine Tessili S.P.A.
The LYCRA Company Singapore  Pte. Ltd
JES MEDIA, INC
K AND D ITMACH EXPOSITIONS LLP
KIABI
Messe Duesseldorf
Rieter India Private Limited
Etam Group Strategy Hong Kong Limited
Meera Dyestuff Industries
FULGAR SpA
IKEA of Sweden AB
International Textile Manufacturers Federation
Brandix Lanka Limited
Jindal Worldwide Limited
Dow Silicones Corporation
H;&M Hennes ;& Mauritz (Far East) Ltd
Gap International Sourcing Limited
Colours India Inc
Color Service s.r.l.
Benetton Group
HYOSUNG CORPORATION INDIA PRIVATE LIMITED
Taiwan Textile Federation (TTF)
IIGM Private Limited
C;&A Sourcing International Ltd
N9 World Technologies Private Limited
BTSR International S.P.A.
SUZHOU TUE HI-TECH NONWOVEN MACHINERY CO.,LTD
Comasia Limited
NITI Aayog
BIRLA CENTURY A DIVISION OF CENTURY TEXTILES AND INDUSTRIES
Datacolor AG Europe
Shanghai  Aige Exhibition Service Co., Ltd
Shima Seiki Mfg. Ltd.
Italian Trade Commission
Officina Meccanica Dora Enrico Srl
Nandan Denim Limited
PVH Corporation
Saurer Textile Solutions Pvt. Ltd.
Chori Company Limited
OVS Hong Kong Sourcing Ltd.
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
FESPA (Reigate)
G-Star Raw C.V.
Arvind Limited
The Top Form Brassiere Manufacturing Company Limited
China World International Exhibition Company Limited
Jiangsu Yingyang Nonwoven Machinery Company Limited
Decathlon
Alix Partners
Huntsman (Singapore) Pte Ltd
Nihalani Events Management
Esprit Europe Services GmbH
BTC Textiles LLC
Vianney Textil Hogar S.A. De C.V.
Walmart
Maceton Limited
Chico’ FAS
Tchibo GmbH
Aquarelle Clothing Limited
Thai Trade Center
Tuyap Tum Fuarcilik Yapim A.S.
Itema Weaving (India) Private Limited
KAS Direct Sourcing
Grasim Industries Limited
International Sourcing Expo Australia
Hela Clothing Pvt Ltd
EPCH
TÜYAP IHTISAS FUARLARI A.S.
ITMA Services Pte Ltd
Zydex Industries
G.A.S. unternehmenskommunikation gmbh
Xtema - Thomas Lebherz Textilmaschinen
Alison Hayes Romania
Permoda(Koaj/Armi/Pronto/Bkul)
GIOVANNI BOZZETTO S.p.A.
Recron Polyester from Reliance Industries Limited
Pt. Peraga Nusantara Jaya Sakti
Lenzing Aktiengesellschaft
Brückner Trockentechnik GmbH & Co. KG
MAS Active / MAS Kreeda / MAS Bodyline
Istanbul Fuarcilik A.S.
Abit
Performance Days
Lenzing Aktiengesellschaft - India
Eurofins BLC Leather Technology Centre Ltd
Seasalt Limited
Gokaldas Exports Limited
Haelixa AG
Groz-Beckert East Asia LLP
Loris Bellini S.r.l.
Cat Tuong Real Estate Group Joint Stock Company
Tommy Hilfiger
Sportmaster Ltd.
DuPont de Nemours, Inc.,
Hirdaramani International Export Private Limited
Indo Tex
Groz-Beckert KG
Messe Frankfurt Exhibition GmbH
SYNERGIES HONG KONG LIMITED
Landmark Group
H. Stoll AG & Company KG
Varner AS Retail
Newtech Textile Technology Development (Shanghai) Company Limited
Sateri (Jiujiang) Fiber Co.,Ltd
Rayonese Textile Inc., Division de Culp Inc.
ZAITEX spa
BRINKMANN GMBH
The LYCRA Company Singapore  Pte. Ltd
Guess Europe Sagl,
Helly Hansen Far East Ltd
Thai Acrylic Fibre Company Limited
Mayer & Cie. GmbH & Co. KG
Marzoli Machines Textile s.r.l.
Lululemon Athletica Inc
CSGIA(China Screen Printing & Graphic Imaging Association)
THE BOMBAY DYEING ;& MFG.CO. LTD
Green Fibre
Copenhagen Fashion Summit
Puma
Karl Mayer Textilmaschinenfabrik GmbH
T.T. Limited
Mesdan SPA
Lisa S.P.A.
Gatsby Africa
Under Armour Global Sourcing Ltd
Eastman Chemical Company
Palexpo SA
Aramark Uniform ;& Career Apparel, LLC
Applied DNA Sciences Inc
CGS Inc.
Indofil Industries Limited - Specialty & Performance Chemicals Division
NV Michel Van de Wiele
Bluestem Global Sourcing Limited
Tory Burch Hong Kong Ltd
BIMBA ;& LOLA SL
Tradewind International Servicing
Bluesign Technologies Ag
Inter Expo Center Ltd.
Centric Software
Midas Clothing Limited
Woolmark Services India Pvt. Ltd.
Restoque S.A.
COTTON COUNCIL INTERNATIONAL
Calvin Klein
J ;& P Coats
Recron Polyester from Reliance Industries Limited
Stahl Holdings B.V.,
Zünd Systemtechnik AG
Babyshop
Aleph Srl
GERBER TECHNOLOGY LTD.
Phong Phu international JSC (PPJ)
APLF Limited
Rosset ;& Cia Limited
USTER
GHCL LIMITED
EUROVET ASIA LTD
BIANCA

May 2022

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search