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Rich,
Feb 25 15:13 pm
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All Comments by EZ »Abercrombie & Fitch: A Must Have Stock - Barron's [View article]
I thought the same, but I concluded that many teens (at least when I was in HS 10+ years ago) have PT jobs throughout the year. Unlike their parents, they do not need to pay for food, rent/mortgage, health insurance, etc. Their only real expenses are entertainment (maybe some gas if they're lucky enough to have a car).
Assuming a teen works 20 hours per week for $8/hr (not sure what the going rate is for a sales/cashier clerk at a typical mall store), that's about $640 gross per month. I think that would be enough to maintain/add to their wardrobe throughout the year--and hit up a movie over the weekend.