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Spending on students higher, thanks to Inflation
Combined spending on the return to school and college is expected to surpass 2021’s record of $108.1 billion. Back-to-school spending per child is expected to increase 8{5b4d37f3b561c14bd186647c61229400cd4722d6fb37730c64ddff077a6b66c6} from 2021 to an average of $661 per child. Compared to the 2021-2022 school year, consumers are bargain shopping, buying more generic products, and making do with last year’s items. The school year hasn’t officially started for all Americans, but there’s already a lesson learned: We’re spending more on back-to-school shopping. Students returning to school or college have a host of needs: books and supplies, new clothes and shoes, a computer or other electronics, and, perhaps, furniture and goods to outfit a college dorm room.…
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‘I’m thankful for the dollar store’: Parents are stressed out shopping for clothes during back-to-school season, and struggle with record-high inflation
India Wayman, 40, a stay-at-home mom in North Syracuse, N.Y. says she’s never felt this much stress buying back-to-school clothes for her daughter. “I have to go through too many avenues to find affordable clothes, way too many avenues,” she said. In prior years, Wayman shopped off-season and in the clearance section. But this year, she said, even the clearance section was out of reach. One pair of jeans cost $40, Wayman said. “My daughter is 11, and she’s rapidly growing. She kind of skipped over the junior phase.” Children will be headed back to school in a matter of weeks in some places, and many parents say they’re stressed…
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Inflation trap looms for British retailers
LONDON, Jan 6 (Reuters) – Three leading British shops on Thursday underscored the menace they facial area from inflation this yr, with their bosses battling to stay aggressive as purchaser finances occur below force and rates surge. Subsequent (NXT.L), Britain’s most successful clothing retailer, Greggs (GRG.L), a booming food stuff-to-go chain, and discounted team B&M (BMEB.L) have to have to take up better commodity, electrical power, labour and freight prices without having pushing price ranges up to the detriment of product sales. For Following, the stress is the hole involving price tag rises and customers’ wage boosts, when Greggs has lifted its own team wages to keep personnel in a…
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/cloudfront-us-east-2.images.arcpublishing.com/reuters/EWHADQXCSZNIBNRGJWBFINKNUU.jpg "Inflation trap looms for British retailers")
