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1) Forever 21

Brands That Young Women Love Most


By Steven Perlberg, Business Insider


In what has to be the

best collaboration between equity researchers and a teenage fashion

magazine, Goldman Sachs has joined forces with Teen Vogue to produce the

definitive "Teen Vogue-Goldman Sachs Brand Affinity Index."

"Over

the next 5 years, millennials are expected to ascend at the expense of

boomers in apparel consumption, increasing spending by 20-25%," writes

Goldman's Lindsay Drucker Mann. "But they do so with less financial

backing, according to data from various sources: lower incomes than

preceding generations, and less inclination to use credit cards."

Millennials

— those born between 1980 and 2000 — will therefore be more

"discriminating shoppers," and brands will have to compete more heavily

in terms of product and messaging. To find the top 50 brands, Goldman

"polled over 1,200 Teen Vogue 'It Girls' on roughly 350 brands.

Respondents scored brands based on awareness, favorability, and

word-of-mouth" — an important facet in our social media world where peer

opinion is more easily available. The composite index measured the

average of those three scores, excluding brands with low favorability

scores (where favorability was one standard deviation below the mean).

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