Market Currents
Cash-strapped consumers may be wary of buying certain items, but Citi's Oliver Chen says...
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Thursday, September 13, 2012, 5:55 PM ETCash-strapped consumers may be wary of buying certain items, but Citi's Oliver Chen says they’ll pay up for accessories - driving growth at Buy-rated SIG, TIF and KORS - and want brand names that make them feel like they’re “part of a lifestyle" - think AEO and LTD. But Chen is reserved about apparel, noting “persistently negative" mall traffic in avoiding ANF.
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