The DKNY and Donna Karan parent company expects revenues to decline another 28 percent to 33 percent in the back half of the year.
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.