Daily News logo Newsletter logo   Search News    

NPD Annual Back-to-School Spending Intentions Report

  Share This Story

PORT WASHINGTON, N.Y. - (BUSINESS WIRE) - The NPD Group, Inc., a leading market research company, took a look at consumers purchasing intentions for this back-to-school season. Overall consumers tell NPD that they are feeling better, have plans to spend more money and shop in more stores.

In general, consumers indicated that they are feeling better about making purchases for back-to-school. That can be seen in the decreasing number of consumers that tell NPD they plan to spend less. This year 38 percent of respondents said they plan to spend less this year compared to last year's 44 percent.

Back To School Spending Intentions
2010 2009
Plan to Spend Less? 38% 44%
Plan to Spend the Same? 40% 32%
Plan to Spend More? 22% 23%

"We are certainly seeing signs that consumers are willing to open their purse strings," said Cohen, "The fact that more consumers say they plan to spend less coupled with the fact that they say they plan to shop in more stores, 55 percent of respondents told us they plan to shop in more stores this year compared to last year's 53 percent. Those two things point to better results this season."

As with last year's study, consumers tell NPD they are in no hurry to start their shopping for back-to-school. Half the number of consumers this year (3 percent) compared to last year (6 percent) say they have purchased for back-to-school already.

"More and more consumers keep telling us that they are putting off their shopping later and later each year," said Marshal Cohen, chief industry analyst, The NPD Group, Inc. "I would say that this is change in the timing of consumption, more people 'buying now and wearing now,' is part of the lingering impact of the recession."

While consumers' plans indicate a later start to their shopping they still plan to buy and the category that tops most back-to-school shopping lists is school supplies with 74 percent of the study's respondents saying they plan to purchase them. Two categories that appear to be getting this biggest lift this season are apparel (58 percent this year vs. 52 percent last year) and footwear (45 percent this year vs. 39 percent last year).

Category Spending
In Dollar Order
2010 2009
School Supplies 74% 77%
Apparel 58% 52%
Footwear 45% 39%
Electronics* 30% 30%
School Bags 29% 29%
Apparel Accessories 16% 16%
Beauty Products 11% 13%
Bedding 9% 12%
Calculators 7% 8%
Small Appliances 5% 6%

Electronics includes: personal computers, laptops, PDA's, printers, cell phones, MP3 Players, digital cameras

"This year it is all about freedom on a budget," said Cohen, "The kids are more likely to have the freedom to say which stores they will shop in, but their parents will still keep them on a budget."

While consumers might be feeling a bit better this year they haven't abandoned their quest to find value. The most often given reason for why an item will be purchased this back–to-school season is 'value' with 79 percent, the same as last year.

Why will you purchase? 2010 2009
Value 79% 79%
Required 45% 45%
Replacement 32% 28%
Child Wanted It 21% 18%
Trendy/Fashionable 11% 13%
Influenced By Friends 2% 2%

This year national chain stores are seeing the biggest boost in the number of consumers who say they plan to shop there. This year 33 percent said they plan to shop them, last year that number was 29 percent. Mass merchants, office supply stores, department stores and footwear specialty stores round out the top five.

"The days of buying merchandise well before school starts are gone now. Kids would rather wait to see what the 'cool' brands and styles are before rushing out early in the summer to shop and parents would rather put off spending until their kids will actually wear what they buy," stated Cohen, "...don't mark the back-to-school shopping season absent this year, it will just be a little tardy."

About The NPD Group, Inc.

The NPD Group is the leading provider of reliable and comprehensive consumer and retail information for a wide range of industries. Today, more than 1,800 manufacturers, retailers, and service companies rely on NPD to help them drive critical business decisions at the global, national, and local market levels. NPD helps our clients to identify new business opportunities and guide product development, marketing, sales, merchandising, and other functions. Information is available for the following industry sectors: automotive, beauty, commercial technology, consumer technology, entertainment, fashion, food and beverage, foodservice, home, office supplies, software, sports, toys, and wireless. For more information, contact us, visit http://www.npd.com/, or follow us Twitter at https://twitter.com/marshalcohen and https://twitter.com/npdfashion. Become a fan of Marshal Cohen at http://www.facebook.com/npdmarshalcohen and watch him on YouTube.

The NPD Group, Inc.
Beth Boyle, 516-625-4603
beth.boyle@npd.com



 
Support Wikipedia

NeswBlaze top writers

Find more stories recommended by Stumbleupon.

newsletter logo

What's Hot?
1 .Supermodel Bar Refaeli Adorns the Cover of the 2009 Sports Illustrated Swimsuit Issue on Newsstands Today! - 129
2 .Go Social Film Magazine Partners with the San Jose Short Film Festival to Stream Official Selections Online to a Global Audience via iPad - 35
3 .Africa Oil Operations Update - 25
4 .Photos: Valkyrie MEDEVAC - 35
5 ."K-1 Rising 2012 - K-1 World Max Final 16 2012" Announces May 27 Pay-Per-View Ustream Channel - 25
6 .These 10 Comfortable Walking Shoes Are a Step in the Right Direction - 24
7 .WeDoRecover Expands Drug and Alcohol Treatment Centre Network with a New Partner Rehab Centre in Durban, South Africa That Will Focus on Upmarket South African and UK, English Patients - 22
8 .Oprah Winfrey Come Out of The Closet! Admit You're a Lesbian! - 20
9 .F-Secure Protection Service for Business Now Protects Mobile Devices Too - 20
10 .Lindsay Lohan Tries To Look Sophisticated! - 18
Updated: 14:45 PDT     2790

NewsBlaze Editors

editors

NewsBlaze Writers

news writer images

Writers Wanted

Help NewsBlaze provide daily news, including top stories, Home and Garden, Technology, The Environment and more. NewsBlaze Writer

Follow NewsBlaze

NewsBlaze Social Media Logos NewsBlaze Facebook NewsBlaze LinkedIn NewsBlaze Twitter NewsBlaze YouTube NewsBlaze MySpace NewsBlaze Fan Page NewsBlaze StumbleUpon NewsBlaze Political Cartoons NewsBlaze Editorial Cartoons
NewsBlaze 
Copyright © 2004-2012 NewsBlaze LLC
Use of this website is subject to our Terms of Service and Privacy Policy  | DMCA Notice |         Press Room