Home / Knowledge / News / Apparel/Garments / Vince Holding net sales jump 3.4% to $86.4 mn in Q3 FY2019

Vince Holding net sales jump 3.4% to $86.4 mn in Q3 FY2019

Dec '19
Pic: Vince Holding
Pic: Vince Holding
Net sales of Vince Holding Corp, a leading global contemporary group, increased by 3.4 per cent to $86.4 million for the third quarter of fiscal year 2019 ending November 2, 2019 compared to $83.5 million in same period of fiscal 2018. The direct-to-consumer comparable sales grew 15.6 per cent to $35.3 million compared to the third quarter of fiscal 2018.

The wholesale segment sales decreased 3.6 per cent to $51.1 million as compared to $53.0 million in the same period last year due to lower shipments to the off-price channel, the acceleration of seasonal wholesale deliveries into the second quarter and the seasonal timing of return reserves.

The company ended the quarter with 63 company-operated stores, a net increase of 4 stores since the third quarter of fiscal 2018.

“Our strong performance in the third quarter further demonstrates the continued momentum in the Vince brand. The growth in our direct-to-consumer business was led by our e-commerce channel and we remain pleased with the performance of our retail stores. In our wholesale channel, we continue to see evidence of market share gains and are excited to have expanded floor space in key doors. As we look ahead, we remain focused on advancing our strategic initiatives, which include growing our direct-to-consumer business through the expansion of our store base globally, driving market share gains within the wholesale channel, testing new product categories, and refining our marketing efforts to drive traffic and conversion, said Brendan Hoffman, chief executive officer, Vince Holdings.

“We are also very excited about the recently announced acquisition of Rebecca Taylor and Parker, which enabled us to form a global contemporary fashion group. We believe that the successful strategic initiatives employed by Vince will allow us to significantly grow these two brands on a global scale. We are well positioned to be leaders in the global contemporary space, which will allow us to drive long-term profitable and sustainable growth.”

“We are very pleased with the strong momentum in the Vince brand and will continue to advance our strategic growth strategies. As part of this, we have increased strategic investments planned for the fourth quarter of fiscal 2019 to support our long-term growth objectives. In addition, we are going through the necessary steps to complete the required SEC financial filings related to the acquisition of Rebecca Taylor and Parker and we will provide updated full year guidance to reflect the acquisition once this process is complete. Excluding the incremental strategic investments and the impact of tariff cost increases post September 1, 2019, our outlook for the Vince brand in 2019 is consistent with our previous guidance,” added Hoffman.

The company now plans to provide updated guidance for fiscal 2019 to reflect the acquisition of the Rebecca Taylor and Parker businesses by the end of January of 2020.

Vince Holding Corp is a global contemporary group, consisting of three brands: Vince, Rebecca Taylor, and Parker. Vince, established in 2002, is best known for creating California-inspired elevated yet understated pieces for every day effortless style. Known for its range of luxury products, Vince offers women’s and men’s ready-to-wear and accessories through 49 full-price retail stores, 15 outlet stores, and its e-commerce site, as well as premium wholesale channels globally and through its subscription service, Unfold.

Fibre2Fashion News Desk (PC)

Must ReadView All

Pic: Shutterstock

Apparel/Garments | On 23rd Jan 2020

Myanmar garment firms to conduct survey on minimum wage

Myanmar's garment manufacturers will conduct a survey to find out if...

Pic: Dhvani

Apparel/Garments | On 23rd Jan 2020

Dhvani unveils Terra, to plant tree for each deal

Dhvani, the Activ(ist)Wear brand, has unveiled its sustainable Terra...

Pic: Epson

Textiles | On 23rd Jan 2020

Epson launches SureColor F3070 direct-to-garment printer

Epson recently launched its first industrial direct-to-garment...

Interviews View All

Manfred Mentges, Sedo Treepoint GmbH

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Nitin Bhatia, Trend Arrest

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Textile industry, Head honchos

Textile industry
Head honchos

RCEP was always going to be a double-edged sword

Ramez Basmaji,

Ramez Basmaji

Fabusse is a Lebanon-based fashion agency that offers a variety of...

Abhishek Pachauri,

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Mirella Sardini,

Mirella Sardini

A leading manufacturer of automated machinery and equipment for the...

Eamonn Tighe, Nature Works LLC

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Eric Scholler, Groz-Beckert

Eric Scholler

The Indian market has huge potential in technical textiles, and by far,...

Sameer Sonkusale & Rachel Owyeung, Tufts University

Sameer Sonkusale & Rachel Owyeung
Tufts University

A team at the Tufts University in Massachusetts was recently in news for...

Hemant & Nandita, Hemant & Nandita

Hemant & Nandita
Hemant & Nandita

The designer duo of Hemant & Nandita are known for being inspired by...

Sailesh Singhania, Sailesh Singhania Label

Sailesh Singhania
Sailesh Singhania Label

The Sailesh Singhania label was created to promote handwoven sarees and...

Aneeth Arora, Péro

Aneeth Arora

The Woolmark Company has partnered with handmade fashion label Péro and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

January 2020

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

Advanced Search