Retail News

Retailers to feel the pinch as teens cut back on purchases

CNBC 10/08/2019

Piper Jaffray’s 38th biannual “Taking Stock with Teens” report finds that teenagers’ annual spending is at its lowest level since 2011. The study of 9,500 consumers with an average age of just under 16 found that teen spending is down 10 percent from its spring report.

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