Gen Alpha is ready to spend – and they want to be treated like adults | BBC News

The youngest consumers can’t yet drive themselves to the shops. It won’t stop them from buying like their millennial parents.

When I was 13 in the late 2000s, finally old enough to be dropped off at our local mall in Delaware, US, there was only one place I wanted to shop: Limited Too. The store, founded in 1987, was a younger offshoot of adult clothing brand The Limited, and was a tween fashion destination filled with logo tees, floral sundresses, plaid skirts, denim vests and plenty of sparking accessories.

Limited Too was among many stores of the time that catered to the in-between age – Wet Seal, Delia’s, The Body Shop, Lush, Charlotte Russe – where young people were playing with ideas of who they could become. But by 2008, Limited Too’s retail locations had vanished, many having merged with the tween store Justice, which, as of 2020, also shuttered all physical locations.

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Report: Teens’ interest in Facebook wanes | FastCasual.com

FacebookInvestment bank Piper Jaffray & Co. has released its 26th semi-annual “Taking Stock With Teens” consumer insights project, which pointed to a sequential sign of spending moderation and tempered intent to spend across multiple categories and household income levels.

“Our fall 2013 survey results suggest teens are experiencing general spending fatigue across key categories, specifically fashion related items. The absence of a clear product catalyst is a key contributing factor to diminished spending proclivity. Intent to spend also moderated, despite over two-thirds of teens signaling confidence the economy is stable to improving,” Steph Wissink, co-director of research and senior research analyst at Piper Jaffray, said in a news release. “We are also observing trends that imply teens are browsing regularly on their mobile devices, shopping less frequently and engaging with brands ‘on demand’ on their own time. This dynamic alters the assumptions surrounding the square footage and retail inventory needed to service this target demographic. A period of rationalization may be needed.”

Some findings from the survey include:

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