Can it be that the July 4th holiday is a distant memory already?
In the zeitgeist of the retail world, at least, families across America now are shifting their attention to backpacks, dorm decor and new outfits for fall.
Back-to-school shopping ranks as the retail industry's second biggest sales season after the November-December holidays. This year, consumers are expected to spend an average of $519 per child, according to research released this week from Deloitte. Sales of electronics are expected to jump almost 30%.
Target Corp. on Saturday rolled out a new owned-brand line of clothing, electronics and school supplies aimed at 9- to 13-year-old girls and strategically timed the launch during the back-to-school season.
The assortment, marketed under the name More than Magic, is the first multiproduct category line that Target both owns and designed from the ground up.
With 500 items under $30, it includes apparel, jewelry, journals and accessories such as small bags and hair brushes with positive messages such as "Dream big" or "You don't have to be perfect to be amazing." It also includes paraben-free makeup and volume-limiting headphones.
Back-to-school is a key season for retailers to go after the emerging Gen Z demographic, which some estimates say influences about $600 billion of family spending.
Amazon.com's Prime Day sales event has become an unofficial kickoff to the back-to-school shopping season. This year it runs Monday and Tuesday for members of the retailer's $119-a-year subscription service.