School starts soon! Whether you’re choosing to send you child to school or decided on e-learning, chances are you’re going to be spending some big bucks.
One might think the switch to online learning would make back-to-school shopping a far less expensive affair.
But according to CNBC, one would be wrong.
The National Retail Federation is predicting a lucrative back-to-school shopping season, predicting a record-breaking haul of $34 billion this year. That would top the $26.2 billion spent in 2019 and the record $30 billion from 2012. Most of this year’s money is expected to come from sales of laptops and computer accessories, according to the NRF.
However, the windfall won’t likely be enjoyed by brick-and-mortar stores. The Retail Federation is predicting a sharp drop of in-person sales as more people turn to online shopping during the coronavirus pandemic.