The US clothing retailer Vince Holding Corp. was able to significantly increase its sales in the first quarter of the 2026/27 financial year. At the same time, the company reduced its loss.
According to a statement published on Tuesday, sales in the first quarter, which ended on May 2, amounted to 64.0 million US dollars (55.2 million euros). This corresponded to an increase of 10.5 percent compared to the same period last year. The growth driver was the company’s own retail sector, with revenues increasing by 15.6 percent to $32.0 million. In the wholesale business, sales rose 5.9 percent to $32.1 million.
The company slightly improved its gross margin as increased tariffs were more than offset by price increases and lower discounts. The operating loss, which was $4.4 million in the same period last year, fell to $2.6 million. The reported net loss was $2.1 million (1.8 million euros). This means that it was not even half as high as the first quarter of last year, in which it amounted to 4.8 million US dollars.
In view of the unexpectedly positive dynamics in both sales channels, management raised its sales forecast for the current financial year. It now expects growth of around seven to eight percent compared to the previous year.
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