Vince Holding Corp (VNCE)

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Jill Granoff, Chief Executive Officer of Vince, commented, "It was another great year for the Vince brand as we achieved many important milestones. We are particularly proud of our successful IPO last fall which is a testament to our strong track record and significant future potential. We are also pleased that we continued to deliver industry-leading results and record sales in fiscal 2013 with double-digit growth across all distribution channels. In wholesale, we remained the number one or number two contemporary brand with our key department store partners. In retail, we delivered 20% comparable store sales and just completed our 17(th) consecutive quarter of comp store increases, while our ecommerce business remained our fastest growing channel. These results reinforce the strength of our compelling product assortment and loyal customer following."

Net Sales increased 20.5% for fourth quarter and 19.9% for fiscal 2013 -

- Operating Income increased 21.0% for fourth quarter and 20.6% for fiscal 2013 -

- Adjusted diluted EPS increased 15.0% to $0.23 for fourth quarter and 21.7% to $0.73 for fiscal 2013 -

- Company provides guidance for fiscal 2014 -
http://online.wsj.com/article/PR-CO-20140327-905239.html