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Dive Brief: Luxury apparel retailer Vince on Monday announced the appointment of Jack Schwefel as CEO effective March 29, according to a company press release. Schwefel will replace David Stefko, who has served as interim CEO since August 2020. Stefko will continue to serve the company as CFO. Schwefel most recently was CEO of Cost Plus. Prior to that, he was the CEO of Dutch Fashion, CEO of Sur La Table and held senior management positions at Gap, Esprit, Kohl s and Toys R Us. Dive Insight: Vince is bringing on a new CEO at a critical time for luxury apparel. The pandemic shifted clothing trends, as people shied away from events and many employees suddenly found themselves working from home. Instead of donning officewear, consumers found themselves reaching for athleisure and comfortable clothes. The entire sector plummeted last spring as nonessential retailers temporarily shut their doors in an effort to stop the spread of COVID-19. ....
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