** Shares of apparel and accessories seller Vince Holding

fall as much as 20% to $1.52

** Stock set for its worst day since Jan. 16, if losses last

** Co posts a 4.7% YOY decline in Q3 net sales to $80.2 mln, hurt by lower in-season reorders in international wholesale business and lower-than-expected outlet channel sales

** Vince brand's direct-to-consumer sales fell 8.3% and wholesale sales fell 2.2%

** Co ends quarter with 61 company-operated Vince stores, a decrease of 5 stores from a year ago

** However, Q3 net income more than doubled to $4.3 mln, helped by lower product and freight costs, along with fewer discounts and promotional activity in the direct-to-consumer segment

** Co also reiterated annual net sales and operating margin forecasts

** Including session moves, stock has fallen ~55% YTD

(Reporting by Neil J Kanatt in Bengaluru)

((Neil.JKanatt@thomsonreuters.com;))