Looks like the value guys are starting to get out of Abercrombie (ANF) and American Eagle (AEOS). They have had a spectacular run up based on pretty solid same store sales increases in the past year. I agree with this comment:
John Buckingham, editor of the top-ranked Prudent Speculator newsletter. "From month to month and quarter to quarter, the 'in' styles can change rapidly, so you've got to stick to a discipline and take some money off the table after a huge gain."
It seems that these two teen age retailers are keeping in front of the trend as best they can. The thing I see though is, ANF especially, is pricing themselves out of the market. Some of their shirts and long pants now cost $70+. Their prices are easily starting to get to the point where a teen needs more then a part time job to afford their clothes. This would be a big problem if teens started to go all out buying a cheaper alternative when they can't afford the real thing.
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