August 19th, 2009Big part of U.S. back-to-school sales still ahead: NRF
San Francisco, CA – U.S. retailers looking for a much-needed sales boost may find a glimmer of hope in a survey released on Tuesday showing consumers have not yet finished the majority of their back-to-school shopping.
The average American family has finished only 41.6 percent of their back-to-school shopping as of August 11, according to a survey conducted by BIGresearch for the National Retail Federation, a leading retail trade group.
In addition, the survey also found that nearly one-third of families with children in kindergarten through 12th grade have not yet started shopping.
When consumers are shopping, sales or coupons have influenced nearly half of their purchases so far this season.
“The days of mom or dad letting children put whatever they want in the shopping cart are over,” said BIGresearch’s Pam Goodfellow in a statement. “Parents … are making careful spending decisions based on price instead of giving kids free rein to pick out whatever they want.”
The back-to-school shopping season began in July and is the industry’s second-biggest selling period after Christmas. It is being closely watched as a gauge of consumer spending and a harbinger of the upcoming Christmas sales season.
The NRF has already forecast a difficult back-to-school shopping season, finding in an earlier survey that the average family with children in kindergarten through 12th grade expected to spend 7.7 percent less on new school gear this year than last year.
Back-to-school shopping is expected to happen later in the season this year as states shifted tax-free holiday shopping days into August from July, and the timing of the Labor Day holiday means many schools will hold their first day of class later in September than they did a year ago.
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