Wednesday, July 28, 2010

Chicago gets some New Cashmere

A Los Angeles-based retailer known for its casual cashmere and leather offerings is opening a store on Oak Street this fall.


Vince plans to open at 106 E. Oak St. in October, the 15th location nationwide for the designer of luxury, contemporary men’s and women’s fashion.

Vince, which is carried in upscale departments stores including Barneys New York and Saks Fifth Avenue, has been expanding its stores nationwide recently and later this year will open a 16th location outside Seattle.

Vince plans to open its first international store next year in London, according to a news release from Chesterfield, Mo.-based Kellwood Co., a clothing manufacturer that acquired Vince in 2006.

At 106 E. Oak, Vince will lease 1,500 square feet on the first floor, beneath the Ultimate Bride on the second level and the Charles Ifergen Salon on the third level. The space was formerly the local fashion retailer Chasalla, which closed there around the beginning of the year, says Mr. Ifergen, who has owned the building since the late 1970s.

Mr. Ifergen says he began talks with Vince this spring. He’s excited because Vince caters to a young clientele, with prices just below those of couture designers.

“As soon as I told my wife and daughter, they said that’s great,” says Mr. Ifergen, who also sees the deal as a hopeful sign for Oak Street. “Slowly but surely, the street is getting filled up again. We took a hell of a beating. Now lots of stores are moving in.”