Abercrombie and Fitch, Aeropostale, American Apparel and American Eagle are struggling because, according to Neil Saunders, retail analyst at consultancy Conlumino, young adults had
trouble finding part-time work during the economic downturn, and because of competition from low-priced fast-fashion stores drew customers away, and teens who used to save their pennies for fashion
are now spending on consumer electronics. American Eagle, for one, has started to turn a corner.
Read the whole story at Chicago Tribune »