Vince Holding Corp. posted second-quarter results that showed continued improvement for the contemporary brand.
Vince narrowed its second-quarter net loss to $3.8 million, or 33 cents a diluted share, from a net loss of $10.1 million, or $2.05, a year ago. The company also narrowed its operating loss to $2.4 million from a loss of $8.9 million in the same year-ago quarter. Net sales rose 3.8 percent to $63.1 million from $60.8 million, helped by a 17.2 percent jump in direct-to-consumer sales and a 14.4 percent comparable sales gain, including e-commerce. The second quarter ended Aug. 4.
“I’m looking forward to jumping into the creative process and exploring fashion through a different lens,” said actor Michael B. Jordan exclusively to WWD about becoming the first face of @coach ‘s men’s business. Not only will the actor appear in its global ad campaigns, but he will also create a capsule with designer Stuart Vevers. Tap the link in our bio to learn more. #wwdfashion
“The name of the show is GP — giant pockets,” said Karl Lagerfeld pre-show, in his backstage meeting room at @Fendi to Bridget Foley. @Bellahadid was one of the many famous faces who graced the catwalk including @Gigihadid, @Adwoaaboah, and yes, even @Kendalljenner. #wwdfashion
Photographed by Kuba Dabrowski/WWD
“We are obsessed with Fendi and we want to share this obsession,” said CEO Serge Brunschwig to WWD. @Fendi will be releasing a new capsule collection Oct. 16 centered around the Fendi/Fila logo created by Instagram artist @Hey_reilly. Further proving the logo trend isn’t going anywhere. Link in our bio for more details. #wwdfashion