Maybe you never want the summer to end. Or maybe you’re dealing with a bunch of bored kids and you can’t wait for the school bell to ring.
Either way, you’ve got to buy school supplies. So where are you going to go?
According to Yahoo Finance, Walmart is the place. Stores are already stocked and a survey from Bloomberg Industries found prices 10 percent cheaper on average than Target and way below places like Kmart and Staples. In fact, when analysts for Bloomberg were scouting stores earlier this month, Kmart didn’t even have a back-to-school area yet. They do have a layaway plan and are waiving the $5 sign-up fee.
Walmart and Target are usually locked in a battle for lowest prices. In fact, at one point last year Target had the most affordable prices. Affordability is a huge factor because gearing up for the school year doesn’t come cheap. According to a recent study by the National Retail Federation, families with school-age children will spend an average $634.78 on apparel, shoes, supplies and electronics, down from $688.62 last year.
How much do you spend during back-to-school shopping, how many school-age kids do you have and where do you usually shop?