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Just take a look at its fourth quarter earnings:Net sales up 33% to $33.7 million.Same store retail sales up 6%.Wholesale sales up 37%.Operating income at $3.2 million from a loss of $132,000 in the prior year's quarter.For this year, the company is planning on opening an additional 10 full retail price stores. With the average store at 2,200 square feet and earning $430 per foot, things already look strong.
Given the rather small base of operations, Vince is well positioned to show rapid growth for some time to come. The company has still a very small store base and reported a 23.1% increase in comparable store sales for the full year of 2012. This even accelerated towards 31.7% for the first half of this year. The company warned that third quarter comparable store sales are set to de accelerate towards 16.5%. Earnings are seen around $6.5 million.
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