Can you believe that summer is almost over? I just started back-to-school shopping – and my kids are in a state of disbelief. They can’t understand that our schools will be back in session in just a few weeks. I tell them that kids in other parts of the country are already back in school, but that doesn’t seem to make them feel any better. LOL.
The back-to-school shopping season is one of the busiest times for retailers. According to the National Retail Federation, total spending for K-12 and college is expected to reach $75.8 billion this year, up about 11.5% from last year’s $68 billion.
According to the National Retail Federation, households with children in grades K-12 plan to spend an average $673.57 on apparel and accessories, electronics, shoes and school supplies, up from last year’s $630.36, for a total of $27.3 billion. On average, $235.39 will be spent on clothing, $204.06 on electronics, $126.35 on shoes, and $107.76 on school supplies.
Meanwhile, college students and families with children in college plan to spend an average of $888.71, according to the National Retail Federation. On average, electronics spending will be $211.33, apparel and accessories $137.29, dorm furnishings $114.21, food $105.88, personal care items $78.03, shoes $70.39, and school supplies $64.64.
How is your back-to-school shopping going? Let me know!
I will be on vacation next week. We are taking the family to Disney World, so I won’t be posting anything on the blog. But I will have a new posting the following week.
Enjoy the last few weeks of the summer season, and I’ll talk to you soon!
Have a great day!