Parker news and archive

Vince swings to profit in Q3

Vince Holdings’ third quarter gross profit for the quarter rose to 37.2 million dollars or 44.2 percent of net sales, while net income was 1 million dollars or 8 cents per diluted share and adjusted net income was 1.8 million dollars or 15 cents per share. However, the company’s net sales decreased 14.7 percent to 84.1 million dollars driven by...

Business

Vince Holding sells intellectual property of Rebecca Taylor

Vince Holding is making progress with its plans announced earlier this year to unwind its Rebecca Taylor brand. In a short statement, the US company said it has sold the intellectual property and certain related ancillary assets of Rebecca Taylor to Ramani Group. Vince Holding announced in September it would be exiting its Rebecca Taylor...

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Vince Holding Corp Q3 sales increase, but swings to loss

US fashion group Vince Holding Corp has reported a 12.7 percent increase in net sales in the third quarter of the year, but swung to a loss. The group made net sales of 98.6 million dollars in the quarter ended October 29, up from 87.5 million dollars a year earlier. CEO Jack Schwefel said the growth reflected continued growth from its namesake...

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Vince Holding Corp to close Rebecca Taylor business as Q2 losses widen

US fashion group Vince Holding Corp has announced plans to exit its Rebecca Taylor business “to focus its resources on the Vince brand”. The company said it is in talks with its lenders to finalize the wind down plan, “which is expected to include selling off its assets and exiting its various business channels”. It comes as the group's...

Business

Vince Holding Corp Q1 sales up 36 percent, losses narrow

US fashion group Vince Holding Corp has reported a 36.2 percent increase in sales in the first quarter of the year as it narrowed its losses. In the three months to April 30, the company posted sales of 78.4 million dollars, up from 57.5 million dollars a year earlier. Sales at the group’s namesake Vince brand increased 34.5 percent to 68.2...

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Vince Holding Corp narrows losses as sales increase

US fashion group Vince Holding Corp has reported narrowing losses and increasing sales in the fourth quarter and full year ending January 29. In the final quarter of the year, the group’s net sales increased 32.4 percent to 99 million dollars. Sales at the group’s namesake Vince brand increased 25.6 percent to 87.3 million dollars, while at its...

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Vince Holding Corp reports Q3 sales growth across brands

US fashion group Vince Holding Corp has reported an increase in sales in the third quarter of the year across its three brands. In the three months to October 30, the group’s net sales increased 26.7 percent to 87.5 million dollars compared to the same period a year earlier. Net sales at the group’s namesake Vince brand increased 27.3 percent to...

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Vince Holding Corp cuts losses as Q2 sales surge

US fashion group Vince Holding Corp has more than doubled sales in the second quarter of the year as its losses narrowed. In the three months to July 31, net sales jumped 112.5 percent to 78.7 million dollars compared to 37 million dollars in the same period a year earlier. The group, which owns brands Vince, Rebecca Taylor, and Parker, also...

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Vince Holding Corp reports drop in Q4 sales, swings to loss

Vince Holding Corp has swung to a loss in the fourth quarter of the year as sales at the New York-based fashion group dropped 28.4 percent. The group, which includes brands Vince, Rebecca Taylor, and Parker, reported sales of 74.8 million dollars in the three months to January 30 2021, compared to 104.4 million dollars a year earlier. Those...

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Vince Holding Corp names Jack Schwefel new CEO

Vince Holding Corp, the US fashion group that owns brands Vince, Rebecca Taylor and Parker, has announced the appointment of Jack Schwefel as its new CEO, effective March 29. Schwefel, who will be based at the company’s New York headquarters, succeeds David Stefko who has served as interim CEO since August 28, 2020. Stefko will stay on as...