How Gen Z Spends

Motley Fool Money

The Motley Fool

Business, Investing

4.4 • 3K Ratings

🗓️ 6 April 2023

⏱️ 25 minutes

🔗️ Recording | iTunes | RSS

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Summary

There are no style points in investing, and big brands continue to dominate teen spending habits.

(00:21) Dylan Lewis and Nick Sciple discuss:
- Piper Sandler’s Generation Z survey about brands and spending.
- Tailwinds for Ulta Beauty, Spotify, and Nike.
- Investing in resale companies.
- How the competitive landscape shifted for upstart brands.

(10:52) Ricky Mulvey and Sanmeet Deo look at two health trends for investors to watch.
Companies discussed: NKE, SPOT, LULU, ULTA, WINA, TSX: ATZ, LTH, XPOF
Host: Dylan Lewis
Guests: Nick Sciple, Sanmeet Deo
Producer: Ricky Mulvey
Engineer: Dan Boyd

Transcript

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0:00.0	The kids are all right with big brands.
0:07.7	Motley Fool Money starts now.
0:11.7	I'm Dylan Lewis sitting in for Chris Hill and I'm joined by Nick Cypill, Nick, how you
0:25.0	doing?
0:26.0	Great to be back with you Dylan.
0:27.7	I always great to be back in the podcast world.
0:29.9	Yeah, I love to have you.
0:31.8	Today we are diving into the taste of Gen Z.
0:35.3	Piper Sandler's semi-annual taking stock with Teams report just published and it is
0:40.8	a gold mine of insights about the spending habits and the dominant brands for the next generation
0:46.2	of consumers.
0:47.6	Just as background, the firm surveyed 5600 teenagers in 47 states digging into the top
0:53.7	brands by category, clothing, footwear, you name it on the consumer side.
0:58.3	They also got a sense of the celebrities and the causes that resonate most with the
1:01.5	younger folks.
1:02.5	Nick, when you look at this report, high level, what jumps out to you?
1:06.2	Yeah, a few things, high level, a, Teams still spending money in this kind of slowing down
1:11.9	economy where you see maybe pressures on some retailer still seeing Teams spending self-reported
1:17.0	up 2% year over year.
1:19.2	Within that context, Teams still spending but spending in different channels.
1:23.0	One channel I've been watching in particular is the second hand channel.
1:25.8	You see over 200 basis points increase in preferences year over year.
	...

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