Sunday, September 10, 2006

Billy Florence - Back to School Spending $17 Billion

Fall retail spending is experiencing a welcome warming trend. Back-to-school spending is estimated to reach $17.6 billion, up nearly $4.2 billion from fall 2005, with $2.6 billion in sales going toward online shopping. The biggest gains will be enjoyed by fall apparel, electronics, and computer related purchases.

The average family with school age children will be spending $527, nearly $100 dollars more than last year. While spending will jump in all categories, electronic and apparel purchases will fuel this year’s back-to-school growth. It’s definitely time for more personal technology. Total spending on electronics or computer-related equipment, such as home computers, laptops, PDAs, or calculators, is estimated to increase by more than $1.5 billion this year.

Read the complete article at www.QuadFour.net...

http://www.quadfour.net/index.php/m/articles/id/148/t/School%20Retail%2017%20Billion%20Business

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