A new back-to-class shopping survey bodes well for retailers.
Back-to-school spending is expected to reach an “unparalleled” $41.5 billion, up from $36.9 billion last year and the previous high of $37.1 billion in 2021. according to the annual survey by the National Retail Federation and Prosper Insights & Analytics. Back-to-college spending is expected to hit $94 billion, about $20 billion more than last year’s record.
Families with children in elementary through high school plan to spend an average of $890.07 on back-to-school items this year, approximately $25 more than last year’s record of $864.35 and a new high
Source: Chain Store Age
Omni Talk is the retail blog for retailers, written by retailers. Chris Walton and Anne Mezzenga founded Omni Talk in 2017 and have quickly turned it into one of the fastest growing blogs in retail. 