Delta variant, supply-chain chaos threaten to derail strong back-to-school shopping season

0 10
A worker stocks shelves of back-to-school supplies at a Target store on August 03, 2020 in Colma, California.Justin Sullivan | Getty Images News | Getty ImagesU.S. shoppers are growing more anxious about visiting stores and trying on clothing in dressing rooms, according to a recent survey.Some of those polled by First Insight also say they are beginning to cut back on spending due to the resurgence in Covid cases.Both trends threaten to slow momentum for what many were predicting to be an incredibly strong back-to-school shopping season.Deloitte has estimated that back-to-school spending for kids in grades K-12 would reach $32.5 billion this year, up 16% from 2020 and 17% from 2019. That averages out to about $612 per student. The consulting firm's estimates were based on a poll of 1,200 parents completed from May 27 to June 5.A lot has changed since then.Although parents may have extra cash after rounds of government stimulus checks and child-tax credit payments, the recent
Subscribe or log in to read the rest of this content.
Leave A Reply

Your email address will not be published.

At The Centre of Every Trade