Clarification
7/23/2008

A summary in Tuesday's NRF SmartBrief indicated that many college students, faced with higher gas prices and no stimulus checks, would contribute to a decline in back-to-school spending. However, the NRF survey cited in the original Reuters article found back-to-college spending is forecast to drop, not back-to-school spending, which refers specifically to items for children in kindergarten through 12th grade.

Related Summaries