- Obama military downsizing leaves U.S. too weak to counter global threats, panel finds
- Sen. Tom Coburn vows to slow down budget-busting bills ahead of recess
- Obama fantasizes about more executive power, signs new order on federal contractors
- Clintons call Klein, Halper, Kessler ‘a Hat Trick of despicable actors’: report
- Boehner accuses Obama of ‘legacy of lawlessness’
- Pro-marijuana group claims responsibility for Brooklyn Bridge flag swap
- Young adults shun Obamacare mostly due to cost: survey
- Stabbing attack on transgender girl, 15, was ‘bias motivated,’ police say
- LGBT adults still lean overwhelmingly toward Democratic Party
- Lawmakers rattled by Syria genocide horrors, call on Obama to act
Teen choice: Frugal T, luxe bag
Question of the Day
ASSOCIATED PRESS Before Claire Stern goes back to school as a high school senior this fall, she needs a new tote. Not just any bag will do, though. “I want a tote bag by Jaye Hersh that the celebrities are wearing; they’re called market bags,” says Claire, 17, who lives in Bronxville, N.Y. “It’s more stylish than a backpack.”
The bags retail for more than $100 if they’re monogrammed, and Claire has noticed actresses Reese Witherspoon and Jessica Alba wearing them.
Shopping for back-to-school apparel is a late-summer ritual. However, as tweens and teens become increasingly savvy about fashion, they’re asking for luxury products, such as $200 designer handbags and $100-plus jeans.
The International Council of Shopping Centers, an industry trade group, expects back-to-school sales to grow 5 percent in 2007 to $27 billion.
Midtier and discount retailers have been facing pressure this year as consumers cut down on extra expenses to battle rising gas prices and a sagging housing market. Wal-Mart Stores Inc., for example, cut prices earlier this month on more than 16,000 items in a bid to turn around sales for the critical back-to-school season.
Meanwhile, the luxury market is booming. Sales worldwide topped $150 billion last year.
Teens are playing an increasing part in that, according to experts, as Web sites, tabloids and TV shows detailing celebrities and fashion make children more aware and demanding of luxury goods than ever before.
“They’re prime candidates for luxury,” says Gerald Celente, publisher of Trends Journal, a newsletter that tracks a wide range of trends. “Their world is the entertainment world, and that’s what they’re focused into.”
Jacqueline Nasser, Elle Girl’s fashion market editor, says teens take a cue from shows such as “Laguna Beach,” “The O.C.,” “The Hills” and “My Super Sweet 16” that portray a certain lifestyle.
“They have been surrounded by celebrities and TV programs where fashion is the central point,” she says. “They even have younger celebrities in the ads for designer labels — Scarlett Johansson for Louis Vuitton, Lindsay Lohan for Jill Stuart, etc.”
Lydia Stover, 16, says she regularly studies celebrity magazines such as People for fashion inspiration and cites Nicole Richie as someone whose style she admires.
Lydia, who will be going into 11th grade at Kingston High School in Kingston, N.Y., saved up $200 for a Coach bag and covets a gaucho-style bag for fall.
“Sometimes I’ll look at what celebrities are wearing and think ‘Oh, that’s a cute outfit’ and re-create it somehow,” she says.
Amy Klaris, a branding specialist at Kurt Salmon Associates, a consulting firm, says having a luxury item has become more important to teens over the past year or two years.
“There are so many icons out there right now for them,” Miss Klaris says. “There’s more people they’re looking up to and wanting to emulate, and they can do that through accessories.”
Both parties recognize the Democrats' scam
- Inside the Ring: Israel surprised by Hamas tunnel network
- CRUZ: A tale of two hospitals: One in Israel, one in Gaza
- Chicken pox outbreak puts illegal immigrant facility on lockdown
- Israel surprised by Hamas tunnel network
- Report: 40% of weapons sent to Afghanistan are unaccounted for
- Catholic League slams Obama: 'Do Christian lives mean so little to you?'
- GOP leaders delay border bill, leave Obama in control
- CIA admits improperly hacking Senate computers in search of Bush-era information
- Sarah Palin's online channel hits snag as Stephen Colbert buys similar URL
- 'Big Bang' star Mayim Bialik helps send bulletproof vests to IDF
Obama's biggest White House 'fails'
Celebrities turned politicians
Athletes turned actors
20 gadgets that changed the world