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NEWS ABOUT: Hollister

For Teens Hip to the Recession, Cheap Is In

Abercrombie takes a back seat to discounts, value brands

(Newser) - For the oft-studied, rarely understood teen demographic, cheap is the new black. Teen spending is off 14% this spring, the New York Times reports, reflecting the larger economic crisis. But the recession has also caused a realignment among the stores teens find hip, as discounters and heavy promoters become popular... More »

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