These days, times are tough in the middle market of the retail business. Luxury companies like Louis Vitton are doing just fine, as the rich keep spending regardless of the economic climate. And discount retailers like Wal-Mart are benefiting big-time from tight budgets in the lower and middle classes as consumers look to cut costs on discretionary items as their gas and food bills soar. But the middle men - companies like American Eagle Outfitters, The Gap, and Tween Brands - are suffering as their customers choose low cost alternatives, or make do with last year’s wardrobe.
More on this topic
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Tween Brands Gets Slammed as the Struggling Retailer Pins its Hopes on Justice
(The Wikinvest Daily Angle, 8/14/08)
We Want to Hear From You: Are Retailers’ Stimulus Measures Persuading You to Spend?
(Money Morning, 7/6/10)
would you like to purchase a warranty?
(The Money Gardener, 7/29/10)
