While American children may wish summer vacation would never end, retailers want back-to-school season to start earlier than ever -- preferably now -- and are timing promotions ahead of Amazon's (AMZN) Prime Day. With deals on sneakers, computers, kids' clothing and backpacks, Walmart, Target (TGT), and Shein hope to entice parents to start back-to-school shopping and capture dollars that might otherwise go to Amazon, which holds Prime Day on July 16 and 17. Although in many communities school does not resume until late August or September, the campaigns are launching this week and next, on average two days earlier than in prior years. "Retailers are looking to grow market share," said Brian Jacobsen, chief economist at Annex Wealth Management. "It's not good enough to have bigger discounts. You need them earlier than your rivals." Target launched a week-long event on Sunday, two days earlier than last year, offering 30% off on school uniforms and backpacks, including from its in-house brand Cat & Jack. Walmart (WMT) is holding its “largest deals event ever” from Tuesday to Thursday, also two days earlier than last year. Shein is holding a seven-week back-to-school sale starting July 15, two days ahead of its sale last year and a day ahead of Amazon Prime Day. Bytedance's TikTok Shop is running a deals event from Tuesday to July 17. Brian McCarthy, a retail strategy consultant at Deloitte Consulting, said the firm last year saw more families plan to spend the majority of their back-to-school budgets by the end of the July. Market Overview:
- Retailers starting back-to-school promotions earlier.
- Amazon Prime Day scheduled for July 16-17.
- Deals on sneakers, computers, kids' clothing, and backpacks.
- Target launched a week-long event two days earlier than last year.
- Walmart's largest deals event ever from Tuesday to Thursday.
- Shein's seven-week sale starts July 15, ahead of Prime Day.
- Potential for increased competition among retailers.
- Impact on back-to-school spending trends.
- Continued emphasis on early promotions in future years.
