The Recession is Bad News for Logos

The New York Times has an article on April 23, 2009 titled "Losing Its Cool at the Mall" that suggests people are less willing to pay a premium for logo-decorated clothing as a result of the financial crisis. The article notes that higher-priced clothing from Abercrombie & Fitch, for example, is "similar to those at the company's Hollister or Ruehl stores, except for the prices and logos." Its sales have dropped significantly. One 17-year-old is quoted as saying "Labels are becoming less and less of a priority for people throughout my school."