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CBS America

Parents rush to buy school supplies before tariff deadline

CBS America · 25 days ago
CBS America
CBS America
25 days ago

The National Retail Federation says more parents than ever are bracing for price hikes and are trying to get ahead of the Aug. 1 tariff deadline by shopping for school supplies in the middle of summer. Ali Bauman has more.

Breakdown
  • Parents are shopping early for school supplies to avoid price hikes from new tariffs. 18s
  • A National Retail Federation survey shows 67% of shoppers started buying supplies in early July, up from 55% last year. 53s
  • More than half of shoppers are concerned about tariffs and inflation, with three quarters expecting higher prices. 1m 6s
  • Walmart and Target report back-to-school prices are mostly unchanged from last year due to early bulk purchasing. 1m 30s
  • Target is ending its price-matching policy with Amazon and Walmart, reflecting changes in retail strategies. 1m 58s
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