Despite higher prices, we appear to be itching to travel. Triple-A says reservations for Memorial Day travel, from flights and car rentals to cruises and hotels, are up a whopping 122% from last year. So where are we going? Orlando is the top destination, followed by Seattle, Miami, Las Vegas and Anchorage.
GAP says its Old Navy brand will pause price hikes on select kids' clothing through the end of September to help families with their back-to-school shopping. The retailer announced a new "Price ON-Lock" initiative, which will lock prices on all boys' and girls' apparel items labeled “Everyday Magic” in its stores and on OldNavy.com. KPMG says families spent an average of $268 on back-to-school shopping in 2021, led by increased footwear, apparel and school supplies.
