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Another setback for retailers: an extinct back-to-school shopping season

A virtual school year will likely push retailers even closer to the brink.

Why it matters: Back-to-school season isthe second-biggest revenue generating period for the retail sector, after the holidays. But retailers say typical shopping sprees will be smaller with students learning at home — another setback for their industry, which has seen a slew of store closures and bankruptcy filings since the pandemic hit.

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