Tougher times create dynamics not seen before. This time there is a change in the wind for teen shoppers. Teens usually lead the fashion craze. Just think of all the 'big league' names like Abercrombie, Gap, Express and Banana Republic to name a few. You think teens are shopping as much as they used to at these stores?
A growing number of teens have turned to "Thrift Shop" clothes shopping because of a sour job market, slow economy and rising costs of clothing. That is a far cry from the free spending of recent years when teens splurged on everything from Coach handbags to Juicy Couture T-shirts!
Now, jobs for teens are less plentiful and parents who supplied extravagant allowances are feeling the economic pinch themselves.
Recent TV commercials are making it cool to be frugal...like eating off the $1 dollar menu at your favorite fast food place...and the take out food section of Costco is busier than ever (cheap, but great pizza and hot dogs).
Well Thrift Stores are cool too...especially if they have a cool name for the store and save us parents some money!
Your comments are welcome.
And thank you for making me Your Orange County Real Estate Connection.
Best regards,
Michael Caruso
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