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Piper Sandler Completes 41st Semi-Annual Generation Z Survey of 7,000 U.S. Teens

Nachrichtenquelle: Business Wire (engl.)
07.04.2021, 17:00  |  96   |   |   

Piper Sandler Companies (NYSE: PIPR), a leading investment bank, has completed its 41st semi-annual Taking Stock With Teens survey in partnership with DECA. This survey highlights discretionary spending trends and brand preferences from 7,000 teens across 47 U.S. states with an average age of 16.1 years. Generation Z, which contributes approximately $830 billion to U.S. retail sales annually*, represents an influential consumer group where wallet size and allocation provide a proxy for category interest.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210407005707/en/

For the survey infographic and more information, visit pipersandler.com/teens

For the survey infographic and more information, visit pipersandler.com/teens

This year’s Spring 2021 survey was impacted by the COVID-19 pandemic. The survey was conducted from February 19 to March 24; 58% of teens have returned to school in either a hybrid format or in person this Spring while 42% remained fully virtual. We received the highest amount of responses from the South at 48% of the mix and 10% of the responses from the Northeast—similar to Spring and Fall 2020.

For the survey infographic and more information, visit pipersandler.com/teens

“Our Spring survey gave rise to a number of themes emerging for GenZ as we think about the path to reopening. We are seeing a female-led spending recovery with upticks in spending on clothing, handbags and skincare in particular. Within apparel, athletic is still the dominant trend with Nike & lululemon taking new highs and Under Armour seeing improved mindshare. Simultaneously, we are seeing a revival of the 1990s fashion trend flannel shirts, baggy pants, mom jeans & eclectic hair trends all in vogue.

“GenZ is a conscious generation as teens this Spring cite Racial Equality & the Environment as their top-two social issues. We have also seen “thrifting” emerge as a strong trend as thinking secondhand is becoming second nature to teens. In fact, 47% of teens have purchased and 55% have sold secondhand.

“In the wake of COVID-19 and given these consumers are digitally-native, we are not surprised to see online adoption at its highest ever this Spring. Snapchat & TikTok are the top-two social media platforms. While Amazon remains the No. 1 website, we are seeing a rise in female-centric platforms like SHEIN, Revolve and Princess Polly,” said Erinn Murphy, Piper Sandler senior research analyst.

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Piper Sandler Completes 41st Semi-Annual Generation Z Survey of 7,000 U.S. Teens Piper Sandler Companies (NYSE: PIPR), a leading investment bank, has completed its 41st semi-annual Taking Stock With Teens survey in partnership with DECA. This survey highlights discretionary spending trends and brand preferences from 7,000 teens …

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