Retailers are reimagining a shopping experience that has long hinged on Black Friday doorbuster deals and shelves of impulse buys. This year, analysts say, they are rethinking what they want to sell — and how.
The stakes are higher than ever: More than a dozen major retailers have already filed for bankruptcy during the pandemic and many others are at risk of running out of cash if sales don't pick up soon. And persuading cash-strapped Americans — including nearly 30 million who are collecting unemployment benefits — to splurge on clothes, toys and electronics will be tougher than usual.
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Tips for back to school shopping
BUFFALO, N.Y. (WKBW) — It's time for back to school shopping… but this year is anything but normal.
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"Wait for your list so you are getting what you need. You don't want to buy a ton of hand sanitizer and it turns out you don't need it. If you're remote learning you want to make sure you have the right technology," McGovern said.
Mcgovern says now more than ever it's really important to make sure you're using a reputable seller.
Back-to-School Survey Reveals Safety is Biggest Consideration for Parents when Shopping
GRAND RAPIDS, Mich. , Aug. 18, 2020 /PRNewswire/ -- In a year full of "new normals," Chicagoan Sharon Glovier continues to readjust her priorities when it comes to shopping for her family. This is especially true as the mother navigates the uncertainties surrounding the upcoming school year and how they may affect her children.
"I've always been the type of mom who focuses on my pocketbook, especially for school supplies," Glovier said. "This year, I decided we are only shopping at stores that are highly sanitizing their carts and keeping public areas clean. Finding a deal for everything or saving a few dollars isn't more important than being careful for my kids."
One easy way to protect yourself while shopping online
And there's one key thing you should be doing when you shop. If you want to avoid online fraud, the best thing you can do to protect yourself is to use a credit card for those purchases. Not a debit card - a credit card.
Cherry Dale is a financial coach with the Virginia Credit Union. She says you have certain protections if you use a credit card under the fair credit billing act. You're only liable up to $50 of that charge, and she says it's easier to dispute fraud as well.
In case you are keeping track:
Amazon Prime Day delay, back-to-school uncertainty is changing the shopping calendar -
Shoppers can usually count on this time of year for end-of-summer deals and back-to-school promotions, but the coronavirus pandemic has thrown the retail calendar out of whack, making year-over-year comparisons difficult.
"Changes in back-to-school/college spending are the latest factor altering comparisons to last year. We are in a period of continuous change and uncertainty, making it increasingly important to look at retail activity over time, rather than just one point in time," said Marshal Cohen, NPD Group's chief retail industry adviser.
In Time for Autumn Shopping Clearpay Launches New Brands and Clearpay Day
In time for the sales, Clearpay is launching three new features designed to give customers more freedom and flexibility.
Customers will now have visibility into their estimated spend limits, the option to reschedule payments, and the ability to pay off some or all of an outstanding balance ahead of a scheduled payment.
Carl Scheible , Clearpay's U.K. CEO said : "We are thrilled to build on the momentum we have in the U.K. market by launching these exciting new retailers and product features. We are always looking to grow and evolve our offering to meet our customers needs. We are equally excited to bring back Clearpay Day just ahead of autumn shopping. There is no better time to offer our customers deals and promotions with our retail partners."
Southwest Rapid Rewards Shopping Portal Guide | Bankrate
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Auto Insurance Shopping Rebounds After Dropping During Spring
Auto insurance shopping and new business growth rebounded in May and June after a drop in late March and early April due to COVID-19 shutdowns, civil unrest and other events. However, there was little impact on the annual shopping rate, which remained strong for both the first and second quarters, according to the LexisNexis Risk Solutions latest Insurance Demand Meter.
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Early Q3 Trends
Early Q3 numbers show both shopping and new business volumes are tracking to pre-COVID-19 levels, and market conditions are developing to potentially spur increased shopping growth rates.
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