- As the summer of discontent continues for apparel retailers which cater to teenagers, a big question lingering is what is the fickle group spending its money on if not trendy clothes from chains such as Aeropostale (ARO -3.9%), Abercrombie & Fitch (ANF -17.9%), and American Eagle Outfitters (AEO +3%)?
- Some retail analysts think handbags could be grabbing some of the extra teenager business - which along with the broader slowdown in consumer spending - could account for the dismal sales during Q2.
- A teenager fascination with their products isn't bad news for Michael Kors (KORS +0.5%), Vera Bradley (VRA +1.8%), and Coach (COH +0.8%).
Are teens flocking to handbags instead of apparel?
Aug 22 2013, 15:32 ET