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« on: December 14, 2013, 06:20:52 am »
Spending on Teen Fashion Slides
Teens may still be spending lots of time and dollars in the malls, but a cutback in spending by their parents, possibly due to worries about economic conditions, has led to a sharp decline in total fashion spending for the group. According to Piper Jaffray Co.'s biannual "Taking Stock With Teens" survey, total fashion spending tumbled 24% from its spring 2007 survey,louis vuitton france, with declines most pronounced for young women, where spending was down 18%, while spending among young men dropped 9%. Last week,michael kors laarzen, Wet Seal Inc. lowered its third quarter outlook citing weak store transactions and more discounting. The research firm cited "a gradual maturing of the fashion cycle" for the declines. Teens continued to spend a "significant" among of money on fashion, the survey noted, with the most popular store being Hollister for the sixth straight time, followed by West Coast Brands, American Eagle,oakley polska, Abercrombie Fitch and Forever 21. In the food category,replica louis vuitton, Starbucks was the clear winner followed by Chipotle and McDonald's. "The fashion category still represents 42% of the total teen budget for the fall 2007 season despite moderation in spending habits,louis vuitton schal," said Jeff Klinefelter,christian louboutin boutique, senior retail research analyst at Piper. "However,louis vuitton fr, we found that spending expectations remain largely unchanged, as nearly 50% of the students plan to spend the same amount of money on apparel this season.
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