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Teens shop in Fargo, North Dakota on Black Friday.
As fast-fashion companies usurp traditional retailers, the landscape is continually shifting.
To get an idea of which clothing brands will thrive over the next several years, it's smart to look at where teens are spending their money.
These are the top five apparel brands among upper-income teens, according to a recent survey by Piper Jaffray.
1. Nike
Nike Facebook
The brand has been investing more in its$4, which is already $4. By capturing women with a "girl power" message, Nike has the potential secure more young women as lifetime consumers.
2. Forever 21
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Forever 21 has captured a demographic that Liz Dunn, CEO of Talmage Advisors, calls "aspirationally 21" - and this demographic doesn't care that Forever 21 $4.
"You're attempting to get the looks for less, right? The consumer is aware that the brand is derivative - that's probably why they're buying it," Dunn said to Business Insider.
Forever 21 is a private company and does not disclose its financials.
3. American Eagle
American Eagle has managed to $4 of its competitor, Abercrombie & Fitch, which has been battling declining sales for years. The brand has been making$4to eliminate inventory and to tone down on heavy promotions.
In the most recent quarter, American Eagle's same-store store sales increased by 10%.
4. Ralph Lauren
Ralph Lauren is a classic brand that teens are still wearing.
Recently, Ralph Lauren $4 and Old Navy's (now former) global president, Stefan Larsson, filled his shoes.
$4 successfully helped Old Navy execute a renaissance and capture consumers, so it's likely that he will help the brand.
5. Urban Outfitters
Urban Outfitters is known for its edgy and controversial clothing.
In the most recent quarter, same-store sales for Urban Outfitters increased by 2%.
Other retailers that upper-income teens love include PacSun, Urban Outfitters' bohemian sister brand$4, H&M, and Vineyard Vines, and Nordstrom.