Business
What Back-to-School Says About the Economy
Today’s lesson: What the critical back-to-school season tells us about the state of the consumer, and in turn the economy.
Spending on K-12 and back-to-college combined is expected to hit a record of nearly $147 billion, according to the National Retail Federation. But in what may be a sign of the strains shoppers are under, they’re searching for cheaper goods and supplies. We’re still early in the season but we found this week that two of the nation’s biggest retailers, Walmart and Target, are racing to accommodate them.
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