The lace up section is a cheap shoe lace type material but without any end caps.  It frayed in the first wash and dry so much that it is now a few inches shorter on each end.  Had to tie knots in it to keep it from fraying to nothing from being washed in the future.  The rest of the top is built well but is not tapered at all in the cropped area.  It just ends, like you had cut off a normal hoodie and sewn a hem onto it.  If it were worth the effort, I'd have it fitted and taken in at the bottom at my seamstress, but that would cost more than it is worth.  In the photograph I would bet good money that the model has clips on the back to make it look like it does in the image.  Good concept, just poor execution by the manufacturer.