The teen market has a new price leader, as Forever 21 displaced The Wet Seal Inc. for the lowest average unit retail (AUR) price this month.
According to a study by Eric Beder, analyst at Brean Murray, Carret & Co., Forever 21’s AUR declined to $15.34 this month, down 9.3 percent from its September 2009 AUR, while Wet Seal’s climbed to $17.36, up 13 percent from the year-ago level.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)