ADVERTISEMENT

Teens Look to Revenge Shopping and Cryptocurrency in Piper Sandler’s Latest Surveyf

  • July 13, 2021
  • M.C. NANDA
  • 75

The biannual “Taking Stock of Teens,” report, which surveys over 7,000 teens showed what brands and retailers can expect from the next few months, from a surge in fast-fashion revenge shopping to crypto currency investments. 

Fast-fashion brand Shein and makeup brand e.l.f. both saw increases in mindshare, with the Chinese company debuting in the top 10 list of teen’s favourite apparel brands and e.l.f. moving from up to the second spot below Tarte in favourite cosmetic brands.

High-income women are largely leading the trend in apparel spending as restrictions ease: wallet share for clothing reached its highest level since 2013 to 29 percent of all purchases.

Other notable shifts include an increase in the secondhand clothing and rental markets, as well as a gaming spending and cryptocurrency.

 

Source: businessoffashion

Disclaimer

The views expressed in this article are the author's own and do not necessarily reflect the view of Hotpot Crypto. Hotpot Crypto shall not be held liable under any circumstances for any losses, damages or expenses arising from the use of any content mentioned in this article.

The information contained on this website is provided for informational purposes only, with no warranties, or guarantees made as to the accuracy, completeness or timeliness of it. Hotpot Crypto assumes no liability or responsibility for any errors or omissions in the information contained on this site. We strongly encourage you to conduct your own research before taking any action.

This site may contain copyrighted material, the use of which has not always been specifically authorized by the copyright owner. If you wish to use the copyrighted material from this site for the purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner. Authors or publishers who claim ownership of copyrighted articles reprinted on this website and wish for the content to be removed may email us directly at luankaiye@qq.com

If you would like to connect with us about any of the distributed content or other inquiries, please email us at  luankaiye@qq.com with the relevant documentation.


ADVERTISEMENT

IMG

×