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Back-to-school/college spending shows slight year-over-year improvement
Families this summer will spend slightly more on back-to-school items than they did in 2013. According to NRF’s 2014 Back-to-School Survey conducted by Prosper Insights & Analytics, the average family with children in grades K-12 will spend $669.28 on apparel, shoes, supplies and electronics, up 5% from $634.78 in 2013.
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Scale matters: Walmart reduces Asian waste
Seven hundred and fifty tons of plastic wrap — the equivalent of 1.5 million pounds — have been saved by Walmart China as a result of a simple change to warehouse operations.
The plastic savings were realized after Walmart developed a new system that involved reusable canvas belts to secure merchandise on pallets, thereby eliminating the need for one-time use plastic wrap. The canvas belt system is now in use at nine of Walmart’s distribution centers in China.