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Teen choice: Frugal T, luxe bag
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.”
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.”
“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, 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.”
By Tammy Bruce
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