New to the Pink Sheets, My Vintage Baby Incorporated (Pink Sheets: MVBY) achieved an improvement in their share price this morning after it beat expectations this past quarter for the number of new stores that will carry its children’s clothing line. The company was able to gain 13 cents, to $1.02 cents, or a gain of 15 percent on volume of 428 thousand at 12:51 CST.My Vintage Baby was able to add an additional 100 new stores over this past season that carry their children’s fashion line. The fashion line is now featured in over 533 stores nationwide consisting of both department stores and independent retailers across the country. This recent addition of new stores has added a 20 percent increase in their exposure.
The increase seen over the past season resulted in the success of the goals My Vintage Baby had set forth prior to the start of 2007 by having 500 stores nationwide that carry their line. The positive outcome of achieving and surpassing goals set generate investor confidence and help spark a gain in the share price.
Jessica Wiswall, CEO of My Vintage Baby, stated in the press release, “We have surpassed yet another goal set out by this organization, and we could not be more excited! The My Vintage Baby line is growing at such a rapid pace, we are truly unsure about its limitations.”
With that said, you can tell that My Vintage Baby is headed in the right direction. Just last week the company announced that their children’s clothing line would be carried in Neiman Marcus, a world recognized luxury apparel department store. Neiman’s issued a purchase order that would create a newfound distribution relationship and feature My Vintage Baby in 10 of Neiman’s locations beginning in mid month.
The company began trading on the Pink Sheets on June 22, 2007. My Vintage Baby, which was founded in 2001, was able to meet all the regulatory requirements to begin trading. The company will compete in the $30.6 billion dollar children’s apparel industry.
My Vintage Baby is recognized as “a piece of yesterday for the hip child of today.” Its garments are designed with a stunning combination of trendy/new and hand selected vintage materials resulting in a one of a kind piece, each with its own nostalgic yet stylish look.
Last week’s news combined with the positive announcement today has helped increase the share price of My Vintage Baby over the past week. On the 27th of June last week, the company had a share price of $0.68, but since has gained 34 cents to $1.02, which is a gain of 50 percent.
