Posts Tagged: Moving Something South In Terms Of Age Penetration

The Hipster Retail Crisis

It was barely a decade ago when the hipster fashion retail chains began their American invasion in earnest, starting from the West, North and East and working their way inward. Now their fortunes have turned rather dramatically, and the teens are driving them back into the sea: The company said Monday that Urban’s comparable sales fell 12% in the three months ending April 30, following a 9% drop last quarter, and a 1% drop in the three months ending Oct. 31. Urban is the retailer’s biggest chain; it also owns Anthropologie and Free People, which continued to see sales soar in the first quarter.

The company says the [...]