Oklahoma retailers bank on increased back-to-school spending
Parents are expected to spend more this year on back to school but they are still looking for deals, retail experts say.
Back-to-school sales are heating up and retailers are expecting consumer spending to rise this year.
The average American family will spend more than $600 on clothes, shoes, supplies and electronics before the start of school this year, according to the National Retail Federation, compared with about $550 last year and $595 in 2008.
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But many families continue to stretch their dollars, with more opting to buy store brand or generic products and comparison shop online, the organization found in a recent
Shoppers like Oklahoma City resident Christine Eddington, who bought school uniforms for her daughter last month so they could be purchased at 20 percent off.
"I would definitely not have bought them so early otherwise, but the sale made it worth my while," she said. "There's no sense spending more if you don't have to."
Many retailers now carry school uniforms, including discounters Walmart and Target, as well as mall-based stores like Crazy 8 and Old Navy.
Laptops on many back-to-school lists
Spending on apparel eats up the majority of consumers' budgets, but electronics — from laptops and netbooks to smart phones and MP3 players — come in second, according to the NRF survey.
Staples is offering $1 and penny deals on many school supplies such as pencil boxes and glue sticks, but also is enticing customers with deals on laptops and other electronics.
And it's no longer just college students that go back to school with a new computer.
According to a survey by PriceGrabber.com, 15 percent of elementary students will start school with a new laptop, 13 percent will have computer accessories and 10 percent will receive a new cell phone or smart phone — nearly double how many received those items in 2009.
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