This is what households say they’ll spend on back-to-school supplies this year.
Back-to-school spending is poised to see just a slight gain this season, according to Deloitte’s most recent survey, and households are expected to continue to make more purchases online. The report sets the b-t-s season as running from July through September, and said spending will rise 1.8 percent to $27.8 billion, or $519 per student, which compares with $510 last year.
“Most back-to-school purchases will continue to occur in stores [56 percent], consistent with prior years, but online is gaining ground and set to grab 29 percent of back-to-school spending, up from 23 percent last year,” Deloitte said. “The increase reflects a shift online among individuals who were previously undecided between online and in-store.”
Rod Sides, vice chairman of Deloitte’s U.S. retail, wholesale and distribution business, said for the first time, “people are telling us they’re just as likely to use a smartphone to make purchases as a laptop or desktop, which previously held the lead when it was time to click the ‘buy’ button. Additionally, we continue to see just over half of purchases occurring in the stores, with undecided shoppers gravitating online.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
I'm 28, Make $60,000 A Year & Spend $175 A Month On Childcare12:30 p.m. — Lunchtime! I heat up my prepped meal of chicken and white rice and have a plum, too. So plain, but I try to remind myself of how healthy I'm eating and how much money I am saving by not eating out.
Read more »
Slideshow: Common Household HazardsLearn how things you have around the house -- from batteries to large TV sets -- can cause injuries to you and your kids. Find out what you need to do keep your family safe.
Read more »
New Virgin Galactic Chairman Chamath Palihapitiya says tourism spaceflights to begin within a yearNew Virgin Galactic Chairman Chamath Palihapitiya says tourism spaceflights to begin within a year.
Read more »
A beloved 10-year-old lion has died after an epileptic seizure, Pittsburgh zoo saysThe Pittsburgh Zoo & PPG Aquarium announced the death of beloved 10-year-old lion Razi after an epileptic seizure.
Read more »
This tech stock is on the cusp of a 20-year breakout, says chart watcherAs the Nasdaq moves towards its all-time high, TradingAnalysis.com's Todd Gordon says AMD is on the verge of a 20-year breakout. Steve Chiavarone of Federated Investors is also watching chip stocks, and says that software names are another attractive area in tech.
Read more »
Don't expect back-to-school spending to give retailers a lift, Deloitte projects spending will be relatively flatConsumers shopping for back-to-school clothing, school supplies and electronics are expected to spend $27.8 billion this year, up just 1.8% from 2018, according to a new survey from Deloitte.
Read more »