Despite the quarterly loss, the company remains bullish on Vince in the long term.
While the Vince brand excelled last year, the acquisition of Rebecca Taylor and Parker led to an operating loss.
While Saks Fifth Avenue, Richard’s and Alice and Oliva were open, many specialty stores such as Rag & Bone, J. Crew, Vince, Joie, Warby Parker, Club Monaco, and Brooks Bros. were still closed.
The shop measures 300 square feet and reflects Vince’s understated, California-inspired aesthetic.
Most recently, he was creative director, senior vice president, design for Club Monaco.
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The fashion brand, owned by H&M’s parent company, will offer a rental service on China’s YCloset.