It is August 1st, and the countdown is on now to the first day of school. Students at Windemere Park Charter Academy in Lansing go back exactly one week from today. Other schools across Mid-Michigan are starting class earlier this year-before Labor Day- which means some parents are in a rush to get the school supplies their children will need. Retail experts expect back to school spending to climb even higher this year.
The first year of August is historically when back to school spending really heats up and this year it is expected to be hotter than the current heat wave. Ana Smith of the National Retail Federation predicts consumers will spend 76-billion dollars on back-to-school shopping. Smith says shopping is up 11% over last year, and much of it is being driven by online retail.
Fatwallet.com finds parents under the gun want speed, convenience, and free shipping.
Tax-Free Back to school shopping weekends is this coming weekend in 18 states including Ohio, Oklahoma, South Carolina, Texas, Virginia, Alabama, Arkansas, Florida, Iowa, Massachusetts, Missouri, and New Mexico.