The back-to-school season is here, and a growing number of early summer sales from the likes of Amazon, Walmart, and Target are changing when and how shoppers purchase their fall essentials. “I think that Prime Day and the associated sales and discounts from other retailers around Prime Day are being used as a kickoff for back to school,” Neil Saunders, managing director of GlobalData Retail, told Retail Brew. This is pulling back-to-school spending forward, he said, as parents take advantage of bargains offered at mid-July sales events such as Target Circle Week and Walmart Deals, which have emerged as brick-and-mortar retailers’ answer to Prime Day. Getting a headstart: This shift in spending is already evident in early survey data. A report from the National Retail Federation and Prosper Insights & Analytics found that 55% of shoppers, as of early July, have already started making purchases for the upcoming school year. Data from JLL showed an even more dramatic shift in spending, with 75.3% of parents on track to start back-to-school shopping by July. “Families and students are eager to get a jumpstart on their shopping for the start of the school year,” Katherine Cullen, NRF’s VP of industry and consumer insights, said in a statement. “Retailers have anticipated this early demand and are well positioned to offer a variety of products at competitive prices.” Keep reading here.—AV |