Waiting until Labor Day (or later) used to leave back-to-school shoppers rummaging through racks of picked-over, randomly-sized merchandise. Not this year. This season, millions of kids headed back to school in their summer clothes, maybe with a few new staple items. They’re waiting to see what the kid at the next desk is wearing or using.
Many parents set a specific budget for their children’s back-to-school needs, and kids are learning how to use that budget wisely. What they are doing is keeping spending power in reserve until they get the lay of the land. It's all about fitting in. Kids who spend all their money for clothes in July or August know they won't be able to go back out after school starts and buy the cool stuff.
This year's back-to-school season may be a good forecast of what we are going to see for holiday, and even more importantly, what retailers and manufacturers are going to be faced with next year, which I predict will be "2008, the year the consumer will wait." Success will come to those willing to understand the new timing of retail: more in season, and more "buy now, wear now."
