Vince expects net sales to be in range of $60 million and $62 million and loss from operations to be between $8.5 million and $9.5 million. The company reported a decline in the first quarter that met expectations.
After months of rumors of an impending bankruptcy, US The Limited stores look to be in their last week of business. The parent company would not comment but some store managers confirmed they would be closing.
The Ohio-based retailer will likely declare bankruptcy and possibly a liquidation as early as this week or next. Analysts cite the chain's dependency on shopping mall traffic as the reason for its downfall.
The Dutch brand will focus on communications in the autumn, introducing a global advertising campaign. Labelled "From Amsterdam, From Everywhere", the campaign will run in print, online and out of home.
Vroom & Dreesman, the largest department store chain in the Netherlands, has been granted protection from creditors after failed efforts to turn around the troubled business, the company said on Wednesday.
Underwear maker Hanesbrands said it will buy former sister company DBApparel in a deal valuing the company at 400 million euros ($545 million) on an enterprise basis, bringing back together two global lingerie brands.