US luxury apparel firm Vince Holdings posts triple digit sales jump

Fashion

US luxury apparel firm Vince Holdings posts triple digit sales jump

14 Sep `21

2 min read

Second quarter (Q2) sales at Vince Holding Corp, a US-based leading global contemporary group, shot up 112.5 per cent to $78.7 million compared to the sales of $37.0 million in the corresponding quarter of previous fiscal. The company’s net loss reduced from $15.1 million in Q2 of 2020 to $0.6 million in the reported quarter ended on July 31, 2021.

 

Second quarter (Q2) sales at Vince Holding Corp, a US-based leading global contemporary group, shot up 112.5 per cent to $78.7 million compared to the sales of $37.0 million in the corresponding quarter of previous fiscal. The company`s net loss for the period ended on July 31, 2021, reduced to $0.6 million (Q2 FY20: $15.1 million). #

“We are pleased with our performance in the quarter, particularly with the Vince brand approaching pre-pandemic levels driven by strength in our direct-to-consumer business. The brand continues to resonate with both women and men with sophisticated, high-quality assortments,” Jack Schwefel, chief executive officer at Vince Holding, said in a press release.

 

Second quarter (Q2) sales at Vince Holding Corp, a US-based leading global contemporary group, shot up 112.5 per cent to $78.7 million compared to the sales of $37.0 million in the corresponding quarter of previous fiscal. The company`s net loss for the period ended on July 31, 2021, reduced to $0.6 million (Q2 FY20: $15.1 million). #

Sales from Vince segment increased 108.5 per cent to $67.2 million over 2020, while Rebecca Taylor and Parker sales accelerated 139.4 per cent to $11.5 million.

 

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