Abercrombie & Fitch No Longer Cool
NEW YORK (TheStreet -- Abercrombie & Fitch (ANF) has lost its "cool" status among teens.
During the Piper Jaffray Consumer Conference held in New York this week, a panel of high school students almost unanimously named Abercrombie & Fitch, and its Hollister chain, as passé. The teen panel said it's more a destination for guys or younger shoppers.
"Everything looks the same in five different colors," one high school senior said.
"They over-price things. Everything is too small," another said.
One teen who works at Hollister even said she will only wear the clothes to go to work at the store because she has to but won't wear them outside of the store. This shouldn't come as much of a surprise if you look at the teen retailers numbers. In May, Abercrombie & Fitch saw a 3% drop in same-store sales. By division, namesake stores inched up 2%, dropped 10% at abercrombie and declined 6% at Hollister. Still, if prices were cheaper, some of those teens on today's panel said they would return to Abercrombie & Fitch. Mid-tier department store J.C. Penney was also shunned by the group -- though several mentioned frequenting rival Kohl's (KSS). Instead, the teen panel named Urban Outfitters (URBN) and privately-held retailer Forever 21, as go-to shopping destinations. Nordstrom> (JWN) was also named as a favorite destination among teens, citing its ease of shopping and the for convenience of offering clothes, cosmetics and accessories all in one place.Select the service that is right for you!
COMPARE ALL SERVICESAction Alerts PLUS
TRY IT FREEJim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
Product Features:
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Dividend Stock Advisor
TRY IT FREENew! $49.95/yr
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
Product Features:
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Stocks Under $10
TRY IT FREEDavid Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.
Product Features:
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
- Weekly roundups
Real Money
TRY IT FREE24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
Product Features:
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
Real Money Pro
TRY IT FREEAll of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
Product Features:
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Options Profits
TRY IT FREEOur options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
Product Features:
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV