| Summary of Reportable Segments Information |
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.
|