The US clothing retailer Vince Holding Corp. on Monday published preliminary, unaudited sales figures for the nine-week Christmas period ending January 3rd. Thanks to strong growth in its own retail sector, the company recorded an increase in sales of 5.3 percent compared to the same period last year.
In the retail segment, revenue rose by 9.7 percent. According to its own statements, the company benefited from strategic investments in e-commerce capacities and improvements to the customer experience. In the wholesale business, however, sales fell by 2.7 percent.
CEO Brendan Hoffman attributed the losses in wholesale to disruptions in the flow of goods with the ailing department store group Saks Global. However, he emphasized that strong sales from other partners were able to cushion the impact.
Financial outlook and strategic positioning
After the Christmas business, Vince confirmed that sales development was in line with the previous forecast. In addition, the company expects that the operating margin adjusted for special items will reach the upper end of the previous forecast range. According to the clothing provider, this applies to both the fourth quarter and the entire 2025/26 financial year.
For the fourth quarter, the company expects sales growth of between three and seven percent. The adjusted operating margin is expected to be between zero and two percent. For the entire financial year, sales will increase by around two to three percent compared to the previous year. The target for the adjusted operating margin is around two to three percent
The company said it continues to monitor developments with key wholesale partner Saks Global, emphasizing that revenues from Saks Global accounted for less than seven percent of total revenue in the 2024/25 fiscal year. The current financial forecast does not take into account possible effects of the development at Saks Global, it said in a statement.
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