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Clothing obsession, Forever 21, H&M, Piper jaffray, Teens -

Piper Jaffray surveyed 6,000 teens across the US to find out how they are spending their money. Overall, teen spending was up 2% this year compared to the previous year. Athletic brands continued to dominate the apparel and footwear rankings, with Nikecoming in first place. Teen shoppers are big business for retailers. According to Piper Jaffray's semi-annual survey of teen spending habits, released in April, Gen X is responsible for 7% of retail sales in the US. In the past year, their spending increased 2%. These younger consumers are driving change in retail - the report showed that, overall, teens...

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