This is how and where teenagers are spending their money right now

1023730_844654

Investment bank Piper Jaffray released its semi-annual report on teen spending on Tuesday.  Here’s the gist: For the first time in the survey’s history, teens are spending as much on food as they are on clothing. Starbucks remains the perennial favorite among all teens for food-and-drink spending, according to the survey. Here’s a breakdown of teen spending by category:

screen shot 2014-04-08 at 4.33.12 pm

Brands that are losing popularity among teens include Aeropostale, Abercrombie & Fitch, and Hollister. 

screen shot 2014-04-08 at 4.39.30 pm
US brands that are starting to get more popular among teen girls include Forever 21, American Eagle, and Lululemon.

screen shot 2014-04-08 at 5.25.47 pm

 

Activewear now comprises 28% of teens’ apparel purchases, up from 6% in 2008. Nike, Lululemon, Under Armour, and Adidas are the most popular brands for athletic apparel.

screen shot 2014-04-08 at 5.30.03 pm

“Athleisure” — casual athletic clothing that can be worn outside the gym — is now more popular than denim. In spring of 2014, 26% of women and 47% of men preferred to shop online over visiting stores. That’s up from 18% of women and 20% of men who preferred online shopping a year earlier. Instagram is the most important social network for teens, followed by Twitter and Facebook, respectively

screen shot 2014-04-08 at 5.42.51 pm

 

Posted in: Infographic of the day | Leave a Comment

Smartphones are getting radically inexpensive, say experts

20140405_gdc681_1

Of the 1.2 billion gizmos that will be shipped this year, almost half will cost less than $200 and one-fifth will cost less than $100.Three years ago, few sub-$100 smartphones were made at all: devices at $400-plus made up half the market. Even cheaper phones are on the way. Mozilla, a not-for-profit group, is promising devices at $25, says The Economist.

Posted in: Infographic of the day | Leave a Comment

Six examples of stupendously bad rebranding – and what you can learn from it

Your brand is everything. But when your company’s goals, message culture and logo need a brush up, be careful not to fall into these traps. Here are six examples of companies who got it terrifyingly wrong.

scifi

1. Tech-savvy 18- to 34-year-olds told the Sc Fi channel that SyFy was how someone would text their name. The company bought in, but it turns out “syfy” is a slang term for the STD syphilis. Oops.

 

pepsi

2. Pepsi spent $1.2 billion on this rebrand, with the logo alone costing $1 million. Odd, when you consider it seems to be executed by a student graphic designer in a hurry.

 

radioshack

3. The problem with our brand, thought Radioshack, is that it has the word “radio” in it. So they jettisoned decades of brand value in favour of “The Shack.” Don’t give up the ground you’ve already won, is the best advice here.

 

capitalone

4. Capital One tried to Nike-ify its logo with a swoosh. It looked just as dated. Bah!

 

accenture

5. Time magazine called this ”one of the worst rebrandings in corporate history.” If it looks like corporate gobbledegook, it is corporate gobbledegook.

 

tropicana

6. If it ain’t broke, don’t fix it. At least, not like this. A bland “modernisation” saw sales of the Tropicana Pure Premium line plummet by 20%, says Business Insider.

Posted in: Infographic of the day | Leave a Comment

The tragedy that is 2048

1396235061

A UI designer and web developer, Gabriele Cirulli “created” 2048 in the span of a weekend. But the creative process – aka developing an original idea and making it work –is the work of Sirvo LLC, better known as Greg Wohlwend and Asher Vollmer. It took them 570 emails and six months to create Threes, a paid-for mobile game.  2048 is its clone. Or rather, 2048 is a clone of 1024, which is another clone of Threes. They are both free. Understandably, Shirvo are cheesed. But what this really demonstrates is the difficulty of building an “economic moat” (copyright, Warren Buffet) around digital products. And is the main reason the Oracle of Omaha refuses to invest in digital. 

Posted in: Infographic of the day | Leave a Comment

In an extraordinary move, Microsoft admit Surface is a stinker

20140329_wbp504

Something big happened on Thursday. Microsoft made Office available on their rival Apple’s iPad. That means just one thing: their tablet, the Surface, is a failure. (It sold 4m worldwide in 2013, while Apple sold 26m iPads in just the last quarter. ) Mircosoft’s new CEO says its part of their new “mobile-first, cloud-first” strategy. The Economist is more pithy. “If they can’t sell the devices, at least they can sell the services.”

Posted in: Infographic of the day | Leave a Comment

Here’s how to get your posts on the front page of Reddit

reddit hotness chart.jpg

 

As you can see from the chart, the first six hours of a post’s life is crucial if it wants to get up-voted onto on Reddit’s much prized front page. A full description of how Reddit’s algorhythim works  is here. But to keep it simple, your post needs the same three things that all news needs: relevance, exclusivity and, the big one, timeliness. Without that you got nothing, friend.

Posted in: Infographic of the day | Leave a Comment