Nike reigns supreme among teen shoppers. Here are the other brands they love the most
Publishing timestamp: 2023-10-10 11:52:48
Summary
The article discusses the results of a survey conducted by Piper Sandler on the spending habits of teenagers. The survey found that annual spending among teens is down 1% compared to last fall. Nike, American Eagle, and Lululemon are among the most preferred brands among teens. Teens are shopping more at off-price retailers such as T.J. Maxx and Marshalls, and less at specialty stores and discounters such as Target and Walmart. The survey also reveals that male teens are spending 11% more than last fall, while females are spending 8% less. Overall, teens' self-reported annual spending is down 1% to $2316 compared to last fall.
Sentiment: NEUTRAL
Tickers: TJX, NKE, ULTA, AEO, WMT, TGT, LULU, BBWI, JWN, ROST,
Keywords: ulta beauty inc, walmart inc, lululemon athletica inc, breaking news: business, target corp, teens, apparel retail, business news, consumer spending, retail industry, american eagle outfitters inc, business, nike inc, ross stores inc, bath & body works inc, nordstrom inc, tjx companies inc,