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Vince Holding Corp. Provides Holiday Sales Performance Update


Net Sales Increased 11.9%

Vince Holding Corp. (NYSE:VNCE), a leading global luxury apparel and
accessories brand ("Vince" or the "Company"), today announced net sales
results for the nine-week period ended January 5, 2019.

Net sales grew 11.9% as compared to the same period last year.
Direct-to-Consumer segment sales increased 13.2% driven by comparable
sales growth of 8.2% for the nine-week period as compared to the same
period last year and the opening of four net new stores since the end of
the same period last year. On a shifted basis, comparable sales
increased 6.3%.

Brendan Hoffman, Chief Executive Officer, commented, "We saw solid sales
performance during the holiday season as new product continues to be
well-received by customers in our Direct-to-Consumer and Wholesale
segments. In our Wholesale segment, we are seeing market share gains
within our accounts as evidenced by double-digit sales growth at the
retail level. We remain focused on advancing the strategic initiatives
that we believe will enable us to deliver long term sustainable growth."


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 and footwear as well as
capsule collections of handbags and home for a global lifestyle. Vince
products are sold in prestige locations worldwide. As of January 14,
2019, the Company operated 45 full-price retail stores, 14 outlet stores
and its e-commerce site,
The Company is headquartered in New York and operates a design studio in
Los Angeles. Please visit
for more information.

This press release is also available on the Vince Holding Corp. website (

The amounts reported in this press release
are unaudited and preliminary. These amounts are based on currently
available information, are subject to change following the completion of
any customary financial closing procedures for the fiscal quarter ending
February 2, 2019 and are not indicative of any actual results of such
quarter, which may differ significantly from these unaudited preliminary

Forward-Looking Statements: This document, and any statements
incorporated by reference herein, contains forward-looking statements
under the Private Securities Litigation Reform Act of 1995.
Forward-looking statements include the statements regarding, among other
things, our current expectations about the Company's future results and
financial condition, revenues, store openings and closings, margins,
expenses and earnings and are indicated by words or phrases such as
"may," "will," "should," "believe," "expect," "seek," "anticipate,"
"intend," "estimate," "plan," "target," "project," "forecast,"
"envision" and other similar phrases. Although we believe the
assumptions and expectations reflected in these forward-looking
statements are reasonable, these assumptions and expectations may not
prove to be correct and we may not achieve the results or benefits
anticipated. These forward-looking statements are not guarantees of
actual results, and our actual results may differ materially from those
suggested in the forward-looking statements. These forward-looking
statements involve a number of risks and uncertainties, some of which
are beyond our control, including, without limitation: our ability to
continue having the liquidity necessary to service our debt, meet
contractual payment obligations, and fund our operations; our ability to
comply with the covenants under our credit facilities; our ability to
successfully operate the newly implemented systems, processes and
functions transitioned from Kellwood Company; our ability to remediate
the identified material weaknesses in our internal control over
financial reporting; further impairment of our goodwill and
indefinite-lived intangible assets; our ability to realize the benefits
of our strategic initiatives; the execution and management of our retail
store growth plans; our ability to make lease payments when due; our
ability to ensure the proper operation of the distribution facility by a
third-party logistics provider; our ability to remain competitive in the
areas of merchandise quality, price, breadth of selection and customer
service; our ability to anticipate and/or react to changes in customer
demand and attract new customers, including in connection with making
inventory commitments; our ability to manage excess inventory in a way
that will promote the long-term health of the brand; changes in consumer
confidence and spending; our ability to maintain projected profit
margins; the execution and management of our international expansion,
including our ability to promote our brand and merchandise outside the
U.S. and find suitable partners in certain geographies; our ability to
expand our product offerings into new product categories, including the
ability to find suitable licensing partners; our ability to successfully
implement our marketing initiatives; our ability to protect our
trademarks in the U.S. and internationally; our ability to maintain the
security of electronic and other confidential information; serious
disruptions and catastrophic events; changes in global economies and
credit and financial markets; competition; our ability to attract and
retain key personnel; commodity, raw material and other cost increases;
compliance with domestic and international laws, regulations and orders;
changes in laws and regulations; outcomes of litigation and proceedings
and the availability of insurance, indemnification and other third-party
coverage of any losses suffered in connection therewith; effect of the
U.S. federal income tax law reform; other tax matters; and other factors
as set forth from time to time in our Securities and Exchange
Commission filings, including those described under "Item 1A—Risk
Factors" in our Annual Report on Form 10-K and Quarterly Reports on Form
10-Q. We intend these forward-looking statements to speak only as of the
time of this release and do not undertake to update or revise them as
more information becomes available, except as required by law.

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