Children return to school, and parents focus on home
As the back-to-school season begins, it's not just about bags and supplies—preparing a comfortable study space at home is also essential for students.
In recent years, a fierce consumer battle has emerged over back-to-school products, targeting both parents' wallets and children's hearts. But it's not just about the bags and pencil cases; attention must also be given to creating a comfortable and suitable study space at home.
The long months of conflict have brought about various consumer shifts, leading to changes in Israeli purchasing habits. Shoppers are adapting to the uncertainty and necessary adjustments, while stores and business owners are being forced to alter traditional sales methods.
In the past, back-to-school shopping mainly involved purchasing stationery, notebooks, and backpacks. However, in recent years, it has turned into a full-fledged event, with stores offering a vast selection of products. Today, children must choose from countless types of bags, notebook colors and sizes, and a wide variety of pens, markers, sharpeners, calculators, and pencil cases.
This year, the long months of conflict have pushed shoppers to start their search for the best deals earlier than in previous years. "Usually, we see store traffic increase throughout August as we approach September 1st," says Ofer Barak, CEO of The Stock chain. "Given the war, we anticipated that Israeli consumers would make their purchases earlier, so we were prepared with stocked shelves as early as the beginning of June." Barak adds that their expectations were realistic, resulting in a 33% increase in purchases compared to the same period last year.
Barak attributes the shift to two main reasons: "First, the uncertainty of recent months has led to early purchases to complete the task rather than waiting until the last minute. Second, fewer people are traveling abroad this year, and finding activities for children has become challenging. Therefore, parents have turned early back-to-school shopping into a shared activity that doesn't require unnecessary spending but rather an advance-planned expenditure."
How competitive is this market? At The Stock, for instance, you can find a range of back-to-school products, from basic supplies to branded items, all of which come with the promise of offering the best prices in the country.
Another example of the market heating up is that even traditional and long-established retail chains are vying for consumers' attention by rebranding themselves as discount stores or launching sub-brands that challenge the discount chains in general and The Stock chain in particular.