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Even with surging inflation, experts project an increase in back-to-school retail sales that may even surpass pre-pandemic levels.
From mid-July through Labor Day, retail sales nationwide are projected to grow 7.5% compared to the same period in 2021, according to the Mastercard SpendingPulse.
Compared to 2019, sales are anticipated to be up 18.3% "with Department Stores expected to be a noteworthy winner as the sector continues its recent rebound," according to the report.