Walmart ESTIMATES Back-to-School Shopping Spike While Moving the Dow
Wal-Mart Stores Inc. (NYSE:WMT): Average back-to-school spending this year has been forecast to jump by 14 percent, which would mark the most rapid rate since at least 2003, reports a survey that was conducted for the National Retail Federation. More children will enter grades K to 12 this September in contrast to 2011′s numbers, which resulted in a flat spending period and thus creates a need for extra replenishment of school items this year, says the Wall Street Journal.
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