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Families to Cut Back on Back-to-School Spending This Year

Register for the Feb. 17 webinar, De-Risking Supply Chains Through Nearshoring, today to learn how to realize the benefits of localizing supply chains from factories that are helping brands successfully produce in the U.S.

School-age kids won’t be raking in quite as many crop tops, joggers or iGear this year—and retailers won’t be getting the sales boost they sought. Back-to-school spending is expected to dip 9.3% to $68 billion.

U.S. consumers plan to spend $630.36 on apparel, electronics and other school needs this year, down from $669.28 last year, according to a National Retail Federation (NRF) back-to-school spending survey released Wednesday

Read more at Sourcing Journal.

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