By Daniel Arellano

I heard this stat this morning while we were preparing for this mornings coffee break on Radio KDCE.

Students with holes in your jeans or packs be warned: Better learn how to sew before school starts.

New back-to-school duds and supplies will be at the bottom of many family shopping lists this fall, with 71% saying they will spend less on back-to-school items this year than last, according to a national survey due out today from Deloitte, the consulting giant.

It gets uglier. Some 83% of those surveyed said they will cut back on clothes spending. Nearly half say they will spend less on shoes, and about one in three will spend less on backpacks, according to the online survey of 5,035 adults conducted July 11-14.

A full 90% of consumers say they will change the way they shop for back-to-school items. More say they plan to do back-to-school shopping at dollar stores than at department stores, office supply stores (such as Staples(SPLS)) or off-price stores (such as TJ Maxx (TJX)).

Read the full article Here