"We're
not at all happy with our second quarter performance," American Eagle
Outfitters CEO Robert Hanson told investors last month. He said that
although most areas of the retailer's North American business came in
below expectations, its women's business had the biggest
miss.Abercrombie wouldn't comment on the report that its women's sales
had fallen by 30 percent, but CEO Mike Jeffries told investors last
month the retailer had "ongoing weakness" in women's clothing, with knit
tops a primary trouble spot.
"The
reasons for the weak traffic we've seen in the U.This will prevent that
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the honorable. "Our best theory is that while consumers in general are
feeling better about the overall economic environment, it is less the
case for the young consumer."Morningstar equity analyst Jaime Katz
agreed, calling the sector's performance "exceptionally weak." Analysts
had expected better numbers because labor and commodity costs had
stabilized, and a cool summer was expected to jump-start back-to-school
shopping, she said. That didn't happen.
One big reason is that fewer teens are working than in years past.If you're a fan of Anime TV shows cheap sexy school girl costumes Manga
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Department of Labor data show that in July, typically the time of year
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youth employment, only about a third of teens age 16 to 19 worked."The
employment-population ratio for youth has been in a rather steep decline
since the beginning of the 1990s," plummeting even further in the Great
Recession, acording to the Bureau of Labor Statistics.
And
teens today have more places than ever to spend what money they
have,You do not need to be invited to a destination beach weddingsexy stewardessyou
can wear your maxi dress. said Barbara Wyckoff, an analyst with Credit
Agricole Securities (USA) Inc. "Entertainment, downloads, food, gas. We
think that clothes just aren't that important to teen customers
anymore," she said via email.
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