Vince Further Advances Direct-to-Consumer Growth Strategy with Plan for New Store Openings
June 15 2018 - 10:43AM
Business Wire
Vince, LLC (“Vince”), an indirectly wholly owned subsidiary of
Vince Holding Corp. (NYSE:VNCE), announces plans to further expand
the Company’s retail footprint in the second and third quarters of
Fiscal year 2018 with the addition of two new U.S. retail
locations. The Domain in Austin, Texas is slated to open in late
June, followed by a new Los Angeles flagship in Palisades Village –
the Caruso development opening this September in the Pacific
Palisades.
“Over the past several months we have made great strides in
advancing our retail expansion strategy due largely to the strength
of our product assortment and presentation, which has resonated
with Vince customers across all channels,” said Chief Executive
Officer, Brendan Hoffman. “We believe that an exceptional product
offering, coupled with a modern approach to retail, will continue
to drive the momentum of our direct-to-consumer business and
position our Company to achieve sustainable growth over the long
term.”
The Domain store, in addition to our recently opened Vince
locations at the Waterside Shops in Naples, Florida (May 24th), The
Gardens on El Paseo in Palm Desert, California (April 26th) and The
Mall at Short Hills in Short Hills, New Jersey (March 29th), will
provide the brand with a strong foothold in shopping centers with
department stores it has exited as a part of the company’s
transformation strategy.
Both the Domain and Palisades Village locations will reflect the
understated California-inspired design aesthetic of Vince Creative
Director Caroline Belhumeur through the use of inviting
architectural details, custom plant installations and mid-century
modern décor. A neutral color palette with stucco finishing
treatments will tie the spaces together. The Palisades Village
store’s unique two-level floorplan will feature a large terrace,
circular stucco staircase and reflection pool, bringing elements of
nature indoors for a luxuriously serene shopping experience.
ABOUT VINCE:
Established in 2002, Vince is a leading global luxury apparel
and accessories brand best known for creating elevated yet
understated pieces for every day. The collections are inspired by
the brand’s California origins and embody a feeling of warm and
effortless style. Vince designs uncomplicated yet refined
pieces that approach dressing with a sense of ease. Known for
its range of luxury products, Vince offers women’s and men’s
ready-to-wear, shoes, handbags, and home for a global
lifestyle. Vince products are sold in prestige locations
worldwide. As of June 11, 2018, the Company operated 44
full-price retail stores, 14 outlet stores and its e-commerce site,
vince.com. The Company is headquartered in New York and operates a
design studio in Los Angeles. Please visit www.vince.com for more
information. This press release is also available on the Vince
Holding Corp. website (http://investors.vince.com/).
View source
version on businesswire.com: https://www.businesswire.com/news/home/20180615005480/en/
Vince, LLCPressAdam Douglas, 646.767.5538Sr. Manager,
Public Relationsadouglas@vince.com
Vince (NYSE:VNCE)
Historical Stock Chart
From Aug 2024 to Sep 2024
Vince (NYSE:VNCE)
Historical Stock Chart
From Sep 2023 to Sep 2024