Based on projections from the National Retail Federation, Tampa Bay parents are expected to spend $344 million to equip K-12 kids for the upcoming school year. If so, then this shopping spree will be 29% bigger than last year's and the biggest take since 2012.
“By any measure, this is an unprecedented year with great uncertainty, including how students will get their education this fall whether they are in kindergarten or college,” NRF President and CEO Matthew Shay says.
“Most parents don’t know whether their children will be sitting in a classroom or in front of a computer in the dining room, or a combination of the two. But they do know the value of an education and are navigating uncertainty and unknowns so that students are prepared."
Along with pencils, paper, pens, and knapsacks, the NRF survey says 63 percent of K-12 families expect to buy computers and other electronics this year, up from 54% last year, and they expect to spend more at an average $274.44, up from $203.44 last year. The $71 difference accounts for the largest share of the overall increase in average spending of almost $93.
Also, because many parents are unsure if learning will take place at school or at home, back-to-school spending this year is expected to include home furnishings such as desks, chairs, and lamps.
To claim a meaningful share of this year's booming back-to-school economy, local retailers will need to advertise to let parents know that their stores are open, it is safe to shop, and the needed supplies are in stock.
By any metric, the best way to reach these parents is on Tampa radio.
Every week, 93.9% of consumers with school-aged children at home tune-in to a Tampa radio station. This reach is significantly larger than that of local TV, cable, social media sites like Facebook and Instagram, or streaming audio sites like Pandora and Spotify.
Advertising on Tampa radio is a particularly potent tool for small business owners to reach millennial parents.
Currently, there are 621,198 children under the age of 18 living in the Tampa area. Half of these kids have parents who are members of Generation Y.
Tampa Bay small business owners and retailers can reach more millennials using local radio than on any other advertising medium.
It's not too late for Tampa Bay retailers and small business owners to bring in local back-to-school shoppers.
According to Deloitte, the world's largest professional services network, "despite the uncertainty on when and how schools will open, about 40% of respondents intend to start their school shopping four to six weeks before school begins, with late July and early August being the busiest."
More Advertising Advice For Tampa Bay Small Business Owners
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- Advertising On Tampa Radio: What Consumers Want To Hear
- Advertising In Tampa Bay: Consumers Pay More For Sustainable
- Tampa Bay Furniture Retailers Expect A Post-Pandemic Rebound
- Political Advertising On Tampa Radio Sways Voters
- Facebook Advertising: Why Tampa Bay Business Owners May Be Pausing
