The company announced a 10-K filing delay on April 14. Vince shares have taken a 42.6% nosedive in Friday trading. The clothing companys problems were compounded by issues with shipments during the quarter. Results for the fourth quarter came in below our expectations, due primarily to challenges related to our systems conversion, which led to delayed shipments of Spring product and off-price shipments, as well as lower-than-expected performance in our pre-Spring collection, said Chief Executive Brendan Hoffman in a release statement. The company moved to a new IT infrastructure and warehouse after separating from its parent company Kellwood. Vince reported a fourth-quarter loss of $3.28 per share compared with earnings of 5 cents per share last year, and sales of $63.9 million, down from $81.8 million for the prior year period. The FactSet consensus was for a 4-cent loss and sales of $74.5 million. Same-store sales were down 20.5% including e-commerce sales, which the company attributed to declines in traffic, the number of the transactions and lower average order value. The company has suspended its guidance.
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Louis area, severe thunderstorms are forecast through Sunday. Missouri Governor Eric Greitens said on Saturday that some people were told to evacuate and 33 rescue runs had been conducted, mostly in the central and southwest parts of the state. In the town of Benton, Illinois, เสื้อคู่ ig floodwaters were reaching the doors of some homes. In neighboring Indiana, parts of Interstate 64 in the southern part of the state were flooded near the town of Ferdinand. Parts of Indiana have received up to 8 inches (20 cm) of rain while areas in Oklahoma, Missouri and Arkansas have been drenched with up to 4 inches (10 cm), James said. The เสื้อคู่รักเกาหลี National Weather Service (NWS) issued flash flood warnings for large swaths of the Midwest and Arkansas. Evacuations could be necessary if areas along swollen waterways receive widespread flooding. "Flash flooding results in more fatalities than a lot of other types of weather hazards," James said by telephone. The NWS in Paducah, Kentucky, posted a warning saying, "These heavy rains will make already flooded areas worse." Heavy rainfall in the Midwest is expected to continue into Sunday, along with wind gusts of 60 miles (95 km) per hour. On Friday night, a tornado in Lawrence, Illinois, damaged outbuildings and snapped trees, James said. Nationwide, airline delays affected nearly more than 3,700 flights entering, leaving or within the United States, according to tracking service FlightAware.