Piper Sandler partnered with DECA to publish a consumer pulse survey (n=500, average age 16.5 years) as we progress through the back-to-school (BTS) season for Fall 2021.
Here are some of the key findings from the survey:
- 95% of teens returning Back-to-School this Fall vs. 75% of teens being virtual last Fall
- Teens expect to spend $456 on all Back-to-School categories
- Apparel and Footwear was the biggest spending category at $156 – 32% say they intend to spend more than last year on the category
- Three largest spending intents are Shoes, Jeans and Leggings/Sweatpants
- For all teens, Nike was the No. 1 Apparel & Footwear brand; Vans was the No. 2 footwear brand; LULU was the No. 4 brand; For males, UAA was in the top 5 for Apparel & Footwear
- 74% of females say they will wear makeup Back-to-School, with 88% saying they will wear makeup the same or more frequently Back-to-School this year
While looking at the results from the Back-to-School survey, answer these following questions.
- What is the overall function of Piper Sandler? Even though they are an investment bank in the financial industry, why are marketing, brands, Gen Z, social media and even celebrities important to them?
- Why is marketing data important?
- Why do you think Piper Sandler wanted to host a Back-to-School survey this year in addition to their annual Fall and Spring surveys?
- Which category had the highest purchasing intention?
- What are top fashion trends for both males and females for Back-to-School?
- If you were an investor, which one brand would you want to invest in? Why?
- Select three key findings from the Back-to-School Survey. Explain why you personally agree or disagree with each finding.
