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Vera Bradley, Inc. - VRA STOCK NEWS

Welcome to our dedicated page for Vera Bradley news (Ticker: VRA), a resource for investors and traders seeking the latest updates and insights on Vera Bradley stock.

Vera Bradley, Inc. (Nasdaq: VRA) is a leading American designer of women's handbags, luggage and other travel items, fashion and home accessories, and unique gifts. Founded in 1982 by friends Barbara Bradley Baekgaard and Patricia R. Miller, the company is renowned for its innovative designs, iconic patterns, and vibrant colors. Headquartered in Fort Wayne, Indiana, Vera Bradley offers a diverse range of products that inspire and connect women globally.

The company's operations are divided into three reportable segments: Vera Bradley Direct, Vera Bradley Indirect, and Pura Vida. The Vera Bradley Direct segment includes sales through Full-Line and Factory Outlet stores, e-commerce sites, and the iconic annual outlet sale in Fort Wayne. Vera Bradley Indirect focuses on sales to specialty retail locations, department stores, national accounts, and third-party e-commerce sites, along with licensing royalties. The Pura Vida segment, acquired in 2019, offers a unique and expanding range of bracelets, jewelry, and lifestyle accessories through its own websites and wholesale distribution.

The majority of Vera Bradley’s products are manufactured by third parties in Asia and distributed through its Indiana-based distribution center. The company primarily serves the U.S. market, with a solid wholesale business and substantial direct-to-consumer sales through both physical stores and online channels.

Vera Bradley is not only committed to business success but also to social consciousness and community involvement. The company is actively engaged in charitable initiatives, including the Vera Bradley Foundation for Breast Cancer, which raises funds for breast cancer research through various events and product sales.

Recent achievements include the launch of the Pixar | Vera Bradley Toy Story Collection and the strategic initiative known as Project Restoration, which aims to stabilize revenues and drive long-term profitable growth. Despite facing some sales challenges, Vera Bradley has managed to strengthen its balance sheet, reduce inventory levels, and improve gross margins. The company continues to focus on innovative product offerings and iconic collaborations to attract new customers while retaining its loyal fan base.

With a keen focus on delivering long-term value to shareholders, Vera Bradley remains dedicated to enhancing brand value, optimizing product mix, and expanding its market presence. The company's strong balance sheet, strategic initiatives, and commitment to quality position it well for future growth and success.

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Tupperware and Vera Bradley have launched a limited-edition collection of reusable food and drinkware products, featuring vibrant, nature-inspired patterns. This collaboration offers three sets: the Daisy Smile Collection, Falling Daisies Collection, and Sunflower Collection, including items like the ECO+ Water Bottle and Snack Set. Available now for a limited time, these products reflect both brands' commitment to sustainability and quality. The collection is marketed as perfect for summer activities and aims to reduce waste while appealing to fans of both brands.

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Vera Bradley has announced a collaboration with The Coleman Company to create a new line of fashionable outdoor gear. This limited-edition Vera Bradley + Coleman collection includes a variety of products designed for both function and style. Available now in select stores and online, the collection features exclusive patterns like Eden Paisley and Wildflowers Blue.

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Vera Bradley, Inc. (VRA) announced plans to report its first-quarter financial results for the period ending April 30, 2022, on June 8, 2022, at 8:00 a.m. ET. Following the release, a conference call for investors will be held at 9:30 a.m. ET, available via webcast and telephone. The company operates two lifestyle brands, Vera Bradley and Pura Vida, targeting a multi-generational female audience with a focus on community and social consciousness. Vera Bradley is based in Fort Wayne, Indiana, and has been a prominent designer of women’s handbags and accessories since its founding in 1982.

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Vera Bradley, Inc. (Nasdaq: VRA) has appointed Lockie Andrews as the new Chief Growth Officer for its Pura Vida brand. Andrews will spearhead digital marketing, sales, and merchandising strategies, aiming to drive growth and explore new sales channels. Previously at Party City, she boosted eCommerce conversion rates by 60%. CEO Rob Wallstrom expressed confidence in Andrews' innovative approach to enhance Pura Vida's brand potential. This expansion comes as Vera Bradley continues to cultivate its lifestyle brands, further solidifying its market position.

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Sea Bags has announced a collaboration with Vera Bradley to launch the Sea Bags + Vera Bradley Floral and Stripe Collection, available now. This exclusive summer collection features products made from recycled sail cloth and emphasizes sustainability. The collection includes a Medium Tote ($180), Beverage Bucket ($75), Slim Crossbody Bag ($75), and Cosmetic Bag ($45), all handmade with designs reflecting both brands' aesthetics. The collection is available online and in select retail stores starting April 2022.

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Munchkin, Inc. appointed Kristina Cashman and Alan Wizemann to its board, expanding the total to five members. Cashman brings finance expertise, serving as a director at Bassett Furniture and Vera Bradley, while Wizemann contributes e-commerce knowledge from Quip NYC. Their appointments aim to enhance Munchkin's focus on digital growth and sustainability. CEO Steven Dunn expressed confidence in their ability to drive the company's mission. Munchkin, recognized for innovative children's products, has over 307 patents and aims to be the leading baby lifestyle brand globally.

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Vera Bradley reported a 15.4% increase in net revenues to $540.5 million for Fiscal 2022, with net income of $17.8 million or $0.52 per diluted share. Excluding certain items, non-GAAP net income was $19.7 million or $0.57 per diluted share. The company has $88.4 million in cash and no debt. CEO Rob Wallstrom highlighted challenges such as supply chain disruptions and tariff impacts yet emphasized a focus on digital strategies and product innovation. Guidance for Fiscal 2023 reflects ongoing headwinds, with strategic price increases planned.

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Vera Bradley, Inc. (Nasdaq: VRA) will participate in the UBS Virtual Global Consumer & Retail Conference on March 10, 2022, at 3:00 p.m. ET. The presentation will be accessible via a live audio webcast, with a replay available on the Investor Relations website. Vera Bradley operates two lifestyle brands: Vera Bradley and Pura Vida, known for their unique designs and strong customer connections. Founded in 1982, Vera Bradley specializes in women’s handbags and accessories. In 2019, it acquired a 75% interest in Pura Vida, enhancing its product offerings.

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FAQ

What is the current stock price of Vera Bradley (VRA)?

The current stock price of Vera Bradley (VRA) is $5.27 as of November 21, 2024.

What is the market cap of Vera Bradley (VRA)?

The market cap of Vera Bradley (VRA) is approximately 159.6M.

What products does Vera Bradley, Inc. design and sell?

Vera Bradley, Inc. designs women's handbags, travel items, fashion and home accessories, and unique gifts. They are known for their innovative designs and vibrant patterns.

What are the main business segments of Vera Bradley, Inc.?

The main business segments are Vera Bradley Direct, Vera Bradley Indirect, and Pura Vida.

Where are Vera Bradley products manufactured?

Most Vera Bradley products are manufactured by third-party manufacturers in Asia.

What is the Vera Bradley Foundation for Breast Cancer?

The Vera Bradley Foundation for Breast Cancer is a charitable initiative that raises funds for critical advancements in breast cancer research.

What is Project Restoration?

Project Restoration is a strategic initiative by Vera Bradley aimed at stabilizing revenues and driving long-term profitable growth.

How does Vera Bradley distribute its products?

Vera Bradley distributes its products through its own Full-Line and Factory Outlet stores, e-commerce sites, and third-party retail locations.

What recent collaborations has Vera Bradley launched?

One recent collaboration includes the Pixar | Vera Bradley Toy Story Collection.

When was Pura Vida acquired by Vera Bradley?

Vera Bradley acquired a 75% interest in Pura Vida in July 2019 and the remaining 25% in January 2023.

What is the focus of the Pura Vida segment?

The Pura Vida segment focuses on selling bracelets, jewelry, and other lifestyle accessories through its websites and wholesale distribution.

Where can I find investor information about Vera Bradley, Inc.?

Investor information can be found in the Investor Relations section of Vera Bradley's website at www.verabradley.com.

Vera Bradley, Inc.

Nasdaq:VRA

VRA Rankings

VRA Stock Data

159.63M
20.08M
28.85%
70.62%
11.79%
Footwear & Accessories
Leather & Leather Products
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United States of America
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