v3.26.1
Segment and Geographical Financial Information
 12 Months Ended
Jan. 31, 2026
Segment Reporting [Abstract]  
Segment and Geographical Financial Information

Note 13. Segment and Geographical Financial Information

The Company has identified two reportable segments based on the information used by its chief operating decision maker (“CODM”). The CODM has been identified as the Chief Executive Officer. Management considered both similar and dissimilar economic characteristics, internal reporting and management structures, as well as products, customers, and supply chain logistics to identify the following reportable segments:

•
Vince Wholesale segment—consists of the Company's operations to distribute Vince brand products to major department stores and specialty stores in the United States and select international markets;
•
Vince Direct-to-consumer segment—consists of the Company's operations to distribute Vince brand products directly to the consumer through its Vince branded full-price specialty retail stores, outlet stores, and e-commerce platform.

During fiscal 2024, as a result of the completion of the wind down and sale (see Note 2 "Significant Transactions"), and the determination by the CODM that Parker would not be considered in the Company’s future operating plans, Rebecca Taylor and Parker is no longer an operating segment of the Company. The financial results of the historical Rebecca Taylor and Parker reportable segment are included as an other reconciling item in the table below.

The accounting policies of the Company's reportable segments are consistent with those described in Note 1 "Description of Business and Summary of Significant Accounting Policies."

The Company’s CODM evaluates segment performance based on several factors, including Income before income taxes and equity in net income of equity method investment. The CODM uses Income before income taxes and equity in net income of equity method investment as the key performance measure of segment profitability because it excludes the impact of certain items that our CODM believes do not directly reflect our underlying operations, including the impact of income taxes and equity in net income of equity method investment. The CODM also considers budget-to-actual and period-over-period variances for this performance measure when making decisions about the allocation of operating and capital resources to each segment. Unallocated corporate expenses are comprised of SG&A expenses attributable to corporate and administrative activities (such as marketing, design, finance, information technology, legal and human resource departments), and other charges, including interest expense, that are not directly attributable to the Company's Vince Wholesale and Vince Direct-to-consumer reportable segments. Unallocated corporate assets are comprised of the carrying values of the Company's equity method investment and other assets that will be utilized to generate revenue for the Company's Vince Wholesale and Vince Direct-to-consumer reportable segments. As the Company’s goodwill was not allocated to the Company’s reportable segments in the measure of segment assets regularly reported to and used by our CODM, the corresponding impairment charge recorded in fiscal 2024 associated with goodwill is not reflected in the fiscal 2024 operating results of the Company’s reportable segments.

A summary of financial information by reportable segment is as follows:

 

(in thousands)

 

Vince Wholesale

 

 

Vince Direct-to-consumer

 

 

Total

 

Fiscal Year 2025

 

 

 

 

 

 

 

 

 

Net Sales

 

$

165,740

 

 

$

134,267

 

 

$

300,007

 

 

 

 

 

 

 

 

 

 

 

Cost of Products Sold*

 

 

99,364

 

 

 

51,500

 

 

 

150,864

 

Staff and Personnel

 

 

3,679

 

 

 

24,447

 

 

 

28,126

 

Occupancy

 

 

486

 

 

 

26,648

 

 

 

27,134

 

Marketing and advertising

 

 

802

 

 

 

10,499

 

 

 

11,301

 

Other segment items(1)

 

 

10,919

 

 

 

15,394

 

 

 

26,313

 

Total segment income before income taxes and equity in net income of equity method investment

 

 

50,490

 

 

 

5,779

 

 

 

56,269

 

Unallocated Corporate(2)

 

 

 

 

 

 

 

 

(48,897

)

Total income before income taxes and equity in net income of equity method investment

 

 

 

 

 

 

 

$

7,372

 

 

 

 

 

 

 

 

 

 

 

Fiscal Year 2024

 

 

 

 

 

 

 

 

 

Net Sales

 

$

165,349

 

 

$

128,103

 

 

$

293,452

 

 

 

 

 

 

 

 

 

 

 

Cost of Products Sold*

 

 

98,800

 

 

 

49,473

 

 

 

148,273

 

Staff and Personnel

 

 

4,218

 

 

 

23,796

 

 

 

28,014

 

Occupancy

 

 

380

 

 

 

26,115

 

 

 

26,495

 

Marketing and advertising

 

 

547

 

 

 

9,420

 

 

 

9,967

 

Other segment items(1)

 

 

3,499

 

 

 

16,329

 

 

 

19,828

 

Total segment income before income taxes and equity in net income of equity method investment

 

 

57,905

 

 

 

2,970

 

 

 

60,875

 

Unallocated Corporate(2)

 

 

 

 

 

 

 

 

(91,909

)

Rebecca Taylor and Parker(3)

 

 

 

 

 

 

 

 

7,633

 

Total loss before income taxes and equity in net income of equity method investment

 

 

 

 

 

 

 

$

(23,401

)

 

 

 

 

 

 

Fiscal Year

 

 

 

2025

 

 

2024

 

Depreciation and Amortization:

 

 

 

 

 

 

  Vince Wholesale

 

$

329

 

 

$

119

 

  Vince Direct-to-Consumer

 

 

2,275

 

 

 

3,005

 

Total Segment Depreciation and Amortization

 

 

2,604

 

 

 

3,124

 

  Unallocated Corporate

 

 

304

 

 

 

882

 

Total Depreciation and Amortization

 

 

2,908

 

 

 

4,006

 

 

 

 

 

 

 

 

Capital Expenditures:

 

 

 

 

 

 

  Vince Wholesale

 

 

333

 

 

 

530

 

  Vince Direct-to-Consumer

 

 

3,799

 

 

 

3,274

 

Total Segment Capital Expenditures

 

 

4,132

 

 

 

3,804

 

  Unallocated Corporate

 

 

155

 

 

 

428

 

Total Capital Expenditures

 

 

4,287

 

 

 

4,232

 

 

 

 

 

 

 

 

Total Assets:

 

 

 

 

 

 

  Vince Wholesale

 

 

75,339

 

 

 

68,488

 

  Vince Direct-to-Consumer

 

 

101,008

 

 

 

100,114

 

Total Segment Assets

 

 

176,347

 

 

 

168,602

 

  Unallocated Corporate

 

 

48,694

 

 

 

54,133

 

Total Assets

 

 

225,041

 

 

 

222,735

 

 

 

(1) Other segment items primarily include various third party expenses, banking fees, depreciation and amortization, supplies, and commissions. For the wholesale segment, Other segment items includes an increase in allowance for doubtful accounts related to the Saks Reorganization (see Note 1 "Description of Business and Summary of Significant Accounting Policies" for further information).

(2) Unallocated Corporate for the year ended January 31, 2026 includes the ERC benefit of $7,173. See Note 6 "Commitments and Contingencies" for further information. For the year ended February 1, 2025, unallocated corporate includes the goodwill impairment charge of $31,973. See Note 3 "Goodwill and Intangible Assets" and Note 2 "Significant Transactions" for further information.

(3) Activity for the Rebecca Taylor and Parker reconciling item for fiscal 2024 primarily consists of the gain recognized on the sale of Rebecca Taylor. See Note 2 "Significant Transactions" for further information.

* Cost of Products Sold for fiscal 2025 includes royalty expenses of $10,026 and $4,053 for the Wholesale and Direct-to-consumer segments, respectively. Cost of Products Sold for fiscal 2024 includes royalty expenses of $10,106 and $3,857 for the Wholesale and Direct-to-consumer segments, respectively.

The Company is domiciled in the U.S. and as of January 31, 2026 and February 1, 2025, had no significant international subsidiaries and therefore substantially all of the Company's sales originate in the U.S. As a result, net sales by destination are not provided. Additionally, substantially all long-lived assets, including property and equipment, are located in the U.S.