Word: teens
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...recession actually cause teenage daughters and their moms to shop peacefully together at the mall? Believe it or not, yes. At a New York City shopping center one recent June evening, Adina Armstrong, 13, and her mother Tracy sauntered out of teen retailer Aéropostale, Adina cheerily chirping away on her cell phone, Tracy happily holding a bag full of T shirts. Mom just got Adina two stylish shirts through a buy-one, get-one-free promotion. "What I like about Aéropostale is that when they have a sale, they have a sale," says Tracy. Even better...
...Teen retailers, once thought recession-proof, have suffered in this downturn. For example, Abercrombie & Fitch, which has maintained its premium price points, saw same-store sales dip an incredible 28% in May. But amid such carnage, two stores stand out. Buckle, a Nebraska-based retailer that offers a wide range of brand-name selections at its 393 stores across the country, saw first-quarter profits jump 43.5%. Then there's Aéropostale, which targets 14-to-17-year-old boys and girls and operates more than 900 locations in 47 states. Same-stores sales increased 11% in the first...
...According to Klinefelter's research, teens are making fewer trips to the store; teen spending on fashion products fell 13% this spring. Only 35% of the teens Piper Jaffray surveyed had part-time work this spring, compared with 50% four years ago. "Teens definitely have much greater awareness of what's going on around them now than they did eight years ago," says Klinefelter. "They're seeing the news on their computers and cell phones, and are very aware that we're in a recession." (See the top 10 business deals...
Treasure's colleagues at the Maudsley Hospital say current treatments are equally obsolete. In the late 1980s, the British researchers published the earliest studies describing what has become known as the Maudsley method of treating anorexia in teens - and it remains the only therapy that has proved effective in controlled trials. Unlike traditional treatment, which assumes that anorexia is caused by environmental factors and low self-esteem and often involves intense therapy at residential treatment centers, the outpatient Maudsley method does not focus on psychological therapies or on "parent-ectomy" - removing the teen from the home...
...while youth unemployment is high, more telling to Sum are youth employment numbers, which show that less than 1 out of every 3 teens currently has a job, the lowest number since 1948. This statistic helps explain why Sum thinks the program isn't going far enough. Sure, $1.2 billion and hundreds of thousands of jobs sound huge, but it will bring teen unemployment down only a few percentage points - and only for a few months at that. If the point of a summer-jobs program is partly to train the uninitiated in the ways of the working world...