We are reiterating our Hold rating and projections for Vera Bradley after visiting stores in Connecticut, Long Island and New Jersey. We believe, with Black Friday on the horizon, the company has a compelling offering of collaborations (Peanuts and Disney), fabrics (leather) and retro silhouettes to drive consumers looking for the perfect gift for themselves or for the Holiday season. Further, with the continuing evolution of the outlet stores, we believe the company is continuing to create a strong mix between core and fashion to capture a wider customer base.
