Back to school shopping slows

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Monday, August 27, 2012

The sluggish economy and hot weather have made for a slow start to the back-to-school spending season.

If people do not go to stores once schools start, it will be bad news for an economy heavily dependent on consumer spending to stay afloat. And the postponed spending is complicating how stores stock, promote and sell their back-to-school items, some of which have been on the shelves for almost two months.

Charles Holley, chief financial officer of Wal-Mart, said stores were seeing customers “wait until school starts, and they don’t buy things until they absolutely have to."

Read more at The Bend Bulletin.

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