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Gap to get more teens ringing the register

from MarketWatch

While Gap Inc.'s target demographic may be those ages 25 to 40, the largest U.S. clothing chain may end up benefiting disproportionately from a recovery in teen apparel spending, an analyst said. In a note upgrading the San Francisco-based retailer to overweight from neutral, Piper Jaffray's Jeffrey Klinefelter said spending on fashion for both upper- and average-income teens was up in the double digits for the first time since 2003 and 2004. more

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