Vince Holding reports 3.7% sales growth in FY19

Fashion

Vince Holding reports 3.7% sales growth in FY19

07 Jul `20

2 min read

Vince Holding Corp, a global contemporary group, posted 3.7 per cent sales growth to $375.2 million in fiscal 2019 ended on February 1, 2020 compared to sales of $361.6 million in previous year. Group’s net income for the year rose to $30.3 million compared to net loss of $1.9 million in FY18. Gross profit for FY19 were $178.4 million ($169.4 million).

 

Vince Holding Corp, a global contemporary group, posted 3.7 per cent sales growth to $375.2 million in fiscal 2019 ended on February 1, 2020 compared to sales of $361.6 million in previous year. Group`s net income for the year rose to $30.3 million compared to net loss of $1.9 million in FY18. Gross profit for FY19 were $178.4 million ($169.4 million).#

During the year, net sales of Vince segment increased 7.6 per cent to $300.2 million as compared to fiscal 2018. Wholesale segment sales grew 4.5 per cent to $166.8 million ($159.3 million). Direct-to-consumer segment sales increased 11.8 per cent to $133.4 million ($119.3 million).

 

Vince Holding Corp, a global contemporary group, posted 3.7 per cent sales growth to $375.2 million in fiscal 2019 ended on February 1, 2020 compared to sales of $361.6 million in previous year. Group`s net income for the year rose to $30.3 million compared to net loss of $1.9 million in FY18. Gross profit for FY19 were $178.4 million ($169.4 million).#

However, sales for Rebecca Taylor and Parker decreased 9.4 per cent to $75.0 million ($82.7 million).

 

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