How inflation impacted back to school shopping plans
Each year, Cotton Incorporated’s surveys buyers on how they approach back-to school-shopping.
On Wednesday, Director of Corporate Strategy and Insights for Cotton Incorporated, Melissa Bastos appeared on KPRC 2+ to talk about how consumers’ perspectives on inflation shaped their back to school shopping plans.For her insights, watch the video at the top of the page.
Survey results:
70% of consumers are concerned about the economy, with 63% saying it will impact how they spend.
About 60% of shoppers plan to shop for clothing at physical stores while 38% plan to buy online.
Shoppers plan to spend more this year on clothes, up 41% from 2021.
Over 60% of people say they will be taking better advantage of sales, discounts, and promotions.