Back-to-School Shopping Expected to Increase

NEW YORK — A new study by ICSC-Goldman Sachs anticipates that consumers will spend about $300 on school supplies this year. Despite lingering concerns about the economy, 42% of those polled anticipate spending more this year than last and 44% said they would spend about the same.

“Even more encouraging for retailers is that nearly 20% of respondents plan to increase spending by more than 10% compared to the 2011 season,” said Michael Niemi

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