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American Eagle’s first-quarter earnings beat follows strong reports from both Urban Outfitters and Abercrombie & Fitch, as more teens head back to the mall. ....
JAN 29, 2021 Since early April, there’s been news of “revenge spending” in China the idea that a cooped up populace finally free from lockdown would celebrate with a big boom in spending, especially on luxury goods. Revenge spending throughout China in May allowed the country to be one of the only places where luxury spending was growing while the rest of the global market suffered. Since that time, fashion brands and retailers have held out hope that a similar rising tide will hit the U.S. once the country is vaccinated and things are, relatively, back to normal. But China and the U.S. are very different economies and had very different experiences with the pandemic that have shaped consumer responses and shopping behavior. And analysts say that revenge spending in the U.S. will be much milder than what was seen in China. ....