Most families have completed only half of their back-to-school purchases.
Coupons and promotions continue to resonate with today’s shopper, and those who have already started shopping indicate that about half of their purchases (51.3 percent) were influenced by coupons, sales and promotions, down from 58 percent last year.
As for where consumers will finish their shopping, discount stores will see the most traffic (53.4 percent), while 46.8 percent will shop at department stores, 36.6 percent at clothing stores and 12.8 percent will wrap up at electronics stores. Additionally, 27.2 percent will check out retailers’ online deals, up from 24.8 percent this time last year.
College shoppers are also turning to coupons, sales or promotions to get the best bang for their buck. The survey found nearly half (48.1 percent) of what parents have purchased has been influenced by early summer deals and promotions, which is the same as last year but higher than the 44.4 percent in 2013.
Much like back-to-school shoppers, most of those shopping for college will cross off bedding, apparel and other items from their lists at discount stores (46.3 percent), department stores (38.8 percent), clothing (28.8 percent) and electronics stores (20.3 percent).
“As expected, families are carefully measuring where, when and how they should spend on fall apparel items, school supplies, electronics and other necessities,” says Matthew Shay, president and chief executive officer, NRF. “Late summer promotions and sales tax holidays around the country are likely contributing to the delay in back-to-school shopping this year, which means the next few weeks could be exceptionally busy for retailers large and small. Retailers, hoping to strike a chord with both budget-conscious and value-focused parents, will roll out hard to pass up promotions designed to capture the attention of those last-minute shoppers.”
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