Piper Sandler Companies released the results of its 50th semi-annual Taking Stock With Teens survey on Thursday. "This fall, teens self-reported annual spending dropped to $2,213, which is a 6% decline year-over year and a 1% decline on average in the past 10 years. On a positive note, looking at wallet share for the upper-income teen, clothing grew 1% year-over-year, driven by females, while footwear share held steady after a decline last spring," highlighted Piper Sandler analyst Anna Andreeva. Nike (NYSE:NKE) once again was the top clothing brand for teens, with Hollister (ANF) ranking number two and Brandy Melville a...