Wednesday, July 10, 2019

Don’t expect back-to-school spending to give retailers a lift, Deloitte projects spending will be relatively flat

CNBC
If retailers were hoping that the back-to-school shopping season would inspire consumers to spend more, they’re going to be disappointed.

A new survey from Deloitte suggests spending during the second busiest shopping period of the year will be about flat with year-ago levels. Consumers shopping for back-to-school clothing, school supplies and electronics for children in grades K-12 are expected to spend $27.8 billion this year, up just 1.8% from 2018, the survey found. . . . more