Vince Holding (VNCE) Holiday Direct-To-Consumer Comparable Sales Increased 8.8%

Vince Holding Corp. (NYSE: VNCE), a leading global luxury apparel and accessories brand (“Vince” or the “Company”), today announced that the Company’s full-price stores and eCommerce business combined delivered a comparable sales increase of 15.9% for the nine-week period ended December 30, 2017. Total direct-to-consumer comparable sales, inclusive of Company-owned outlets, increased 8.8% for the nine-week period. In addition, merchandise margin for the direct-to-consumer segment slightly increased as compared to the same period last year as a result of improved full price sell-through. Wholesale segment shipments were down slightly during the nine-week period ended December 30, 2017 as compared to the same period last year, largely as a result of the timing of shipments.

Brendan Hoffman, Chief Executive Officer, commented, “We are thrilled with our holiday sales performance, which continued the strong trends that we saw towards the end of the third quarter. The new product is resonating with our customers and driving double digit comparable sales growth in our full price direct-to-consumer channels. We were also pleased with improved sell-through at our wholesale partners, which we believe bodes well for 2018 performance. We are working very closely with the wholesale partners we are exiting to ensure a smooth transition while protecting our brand equity. Overall, we are excited about the momentum in our direct-to-consumer business and signs that we are beginning to recapture market share in existing wholesale doors.”

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