Nearly 30% of teenagers plan to spend more than $100 on gifts this holiday season, according to a recent survey.
Just over 50% said they earned their spending money from working, followed by a combination of their parents and through their allowances (41% and 22%, respectively.), according to the International Council of Shopping Centers (ICSC) and Jones Lang LaSalle’s “Gen Y Survey.”
As for whom teenagers are spending their money on this holiday season, family members top their lists at 85%.
CD’s and DVD’s top their wish list, according to the survey.
The survey also asked teenagers, as they shopped the mall, what their favorite store was for clothing or accessories.
The top five stores for teen boys were:
2. Pac Sun
4. Abercrombie & Fitch
The top five stores for teen girls were:
1. American Eagle
2. Pac Sun
3. Abercrombie & Fitch
5. Forever 21
The survey was conducted by Jones Lang LaSalle, retail property services company, on behalf of ICSC, at 20 of their shopping centers. More than 2,900 teenagers, ages 13-19, participated in the survey, which was conducted over the first two weekends (Friday through Sunday) in December at 20 Jones Lang LaSalle centers.
Jones Lang LaSalle provides strategic oversight for more than 270 shopping centers.