Activation Gallery: Back to School
Despite inflation hitting American consumers hard in 2022, recent research and earnings reports are indicating that back-to-school shopping generally remained resilient despite a softening economy. While some studies indicated that parents wouldn’t do all their back-to-school shopping within the usual period, parents were willing to cut costs in other areas before pulling back on spending for their children. According to the National Retail Federation, total back-to-school spending was expected to match 2021’s record high of $37 billion, meaning brands and retailers could still bet on the shopping occasion to drive sales.