Teen spending is expected to drop nearly 20% year over year, and the story with parents does not get any better. Surveyed parents signaled that they would reduce spending on their teens by average of 28% year over year. This is especially worrisome for investors, given that fashion represents the largest category of spending by teens. Over the past five years, retail fashion has accounted for 40% to 45% of aggregate teen spending.

On top of all this, the unemployment rate among teens is the highest in 50 years, according to U.S. Labor Department. The stats from the government say that the unemployment rate among teens is an astonishing 18.7%. Time to get to the mall, to look for 'Help Wanted' signs!