Weak Economy to Hit Back to School Spending, Product Mix Changes

Thread Rating:

0 Vote(s) - 0 Average
1
2
3
4
5

Threaded Mode | Linear Mode

Weak Economy to Hit Back to School Spending, Product Mix Changes

08-23-2008, 10:39 AM,

Post: #1

mandy Offline

Administrator

Posts: 9,932
Likes Given: 0
Likes Received: 6 in 5 posts
Joined: Feb 2011
Reputation: 0

Weak Economy to Hit Back to School Spending, Product Mix Changes

Quote: Parents are cutting back on spending during this back-to-school season, but less so on clothing than on school supplies, computers and electronics, according to a survey by online price comparison site PriceGrabber.com.

41% of the online consumers with school-age children say they will cut back on spending this year because of the weak economy. But the cutbacks will not be across the board.

57% of parents say they will spend the most on clothing this year, versus 44% in PriceGrabbers survey last year. But only 19% say electronics and computer-related equipment will take up the biggest part of their budget compared with 23% last year, and 18% say school supplies, versus 22% last year...

full article: http://www.internetretailer.com/dailyNews.asp?id=27536

« Next Oldest | Next Newest »

Possibly Related Threads…
Thread		Author	Replies	Views	Last Post
	2008 Ecommerce Holiday Spending Flat With 2007	mandy	2	3,805	01-19-2009, 03:27 PM Last Post: akash
	Holiday spending: wealthy consumers and teens spending, others pinching pennies	mandy	0	1,859	12-08-2007, 12:44 PM Last Post: mandy
	Slow Start to Fall and Holiday Sales, Apparel Retailers Hit Hardest	mandy	2	2,639	11-22-2007, 10:31 AM Last Post: mandy
	Ecommerce: identifying this season's product and promotional hits	mandy	0	2,013	11-08-2007, 01:14 PM Last Post: mandy
	Online Holiday Spending Trends Predictions	mandy	0	2,117	11-25-2006, 09:08 AM Last Post: mandy

Forum Jump:

Users browsing this thread: 1 Guest(s)