Here’s a mind-boggling number: this year, American families are predicted to spend $540 billion on back-to-school shopping, or roughly the gross domestic product of Belgium. Where will they spend that money? Staples is still coming off a rough breakup after the Federal Trade Commission stood in the way of its proposed merger with OfficeMax, and really hopes that you spend some of your money there. [More]
The Chicago Tribune confirms that Christmas is creeping up earlier this year as skittish retailers try to stay ahead of the ever-crescendoing non-recession. Walgreens, Kohls, and Home Depot were all singled out for defying the calendar, but blame also belongs with consumers who fuel seasonal ignorance with their buying choices.