At a school in Moncton, N.B., the doors to the gymnasium opened at 9 a.m. sharp on Aug. 19. Inside, students, parents and community members were greeted by a spread of second-hand clothes, backpacks, shoes, boots and books. Music played over the speaker; kids were in high spirits.
Queen Elizabeth School was hosting its first-ever back-to-school shop, an initiative spearheaded by vice-principal Kyle Bishop and the owner of a local consignment store in nearby Riverview, N.B., called Ready, Set, Grow.
The shop gave families a chance to choose from donated items ahead of the first day of school — without paying a cent.
“Our parents do the best that they can with the reality that they have,” Bishop said, adding the school has a large newcomer population. “And so when this opportunity came up, I just thought of all the families that this could benefit immensely.”
As inflation continues to put pressure on the cost of just about everything — from food to clothes to school supplies — Canadians across the country are preparing for the back-to-school season by turning to second-hand options as a way to save money.
In a questionnaire from NerdWallet, a personal finance company, 27 per cent of respondents said they will spend less on school supplies this year compared with previous years due to inflation, while 20 per cent said they had plans to purchase or buy back-to-school items second hand.
Conducted by the Harris Poll, the survey included 303 Canadian adults and is considered accurate within 6.4 per cent.
“It was a good way to start the school year, regardless of anything,” Bishop said. “Just to have teachers and the administration talk with parents, see the kids that we haven’t seen in a couple months, see if they’re excited for school.”
‘Everyone’s really feeling the pinch’
As parents across the country say they’re struggling with back-to-school costs, community organizations are trying to meet a demand that is outpacing donations.
One Calgary organization said the demand for backpacks jumped by 76 per cent this year, while the founder of a charity that operates across Newfoundland and Labrador said more than 260 people have registered — and 200 more are on a waiting list — for the organization’s back-to-school necessities program.
A line snaked outside the entrance to the Cape Breton Regional Library in Sydney, N.S., one morning last week, as the branch hosted its first kids’ “clothing swap” — where a donation gets you a shopping voucher.
On this particular day, that criteria didn’t apply, as parents and children rummaged through clothes before the beginning of the school year.
Sydney resident Natasha Kinslow, who was there with her son, said affordability has been extra challenging this year.
“Everything costs a lot. It’s overpriced. Everything. Especially being a single mom, it’s hard,” Kinslow said, adding that the clothing swap likely saved her a lot of money.
Jannette Vusich, assistant regional program co-ordinator at the library, previously organized two adult clothing swaps thanks to demand from patrons. More than 300 people attended those events, she said.
Vusich said the library received hundreds, possibly thousands, of donated items.
“There were kids with every parent, and they were going through and finding their own clothes — and they were very excited to show us the cute things they found,” she said.
“Everyone’s really feeling the pinch, and people have been telling us how excited they are to have this option available,” Vusich said, noting that library patrons and other non-profits that the library works with have stressed the financial pressures Canadians are facing.
WATCH | How to deal with back-to-school costs in this economy:
Grappling with back-to-school expenses in a tough economy
19 days ago
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The rising cost of everything is forcing some families to make difficult choices, and school supplies are just adding to the troubles. Even charitable organizations have been forced to cut back.
Vusich said she thinks there’s been a gradual shift away from the stigma of poverty and that events like the one held at the library help because the whole community participates.
Thrifting has become trendy, especially among teenagers, she said, and people are generally looking for more sustainable alternatives to fast fashion — where cheap clothes are mass produced quickly and then discarded.
“I think everyone is taking home $100, $150 worth of clothing, and we really hope it helps our community with their back-to-school needs,” Vusich said.
Changing attitudes toward buying second hand
The mentality toward second-hand shopping has changed significantly over the last few years — “not just because people are looking to save money, but people want to recycle,” said Barry Choi, a Toronto-based personal finance expert.
“Anyone who’s got young children realize they grow so quickly, so why buy these [new] clothes that they’re just going to outgrow within a few months?”
For families who are shopping for back-to-school items, Choi said his No. 1 recommendation is to make a list beforehand and ensure you don’t already have the things your child says they need.
“The last thing you want is to show up at the store. You start shopping, you and your spouse [are] like, ‘Oh, do we need this or do we need this, do we need that?’ And you end up buying all these things that you already have.”
For Bishop, the vice-principal in Moncton, the back-to-school shop is just one way that the school can help its community during times of financial duress.
The school also partners with other community organizations to host a school supplies drive, as well as breakfast and lunch programs. It’s hoping to turn the back-to-school shop into a seasonal event.
“Kids go [to school] to learn. That’s extremely important,” Bishop said.
“But we are part of the community and we support the community, not just in academics but in all facets of a child’s life.”
TORONTO – Cineplex Inc. reported a loss in its latest quarter compared with a profit a year ago as it was hit by a fine for deceptive marketing practices imposed by the Competition Tribunal.
The movie theatre company says it lost $24.7 million or 39 cents per diluted share for the quarter ended Sept. 30 compared with a profit of $29.7 million or 40 cents per diluted share a year earlier.
The results in the most recent quarter included a $39.2-million provision related to the Competition Tribunal decision, which Cineplex is appealing.
The Competition Bureau accused the company of misleading theatregoers by not immediately presenting them with the full price of a movie ticket when they purchased seats online, a view the company has rejected.
Revenue for the quarter totalled $395.6 million, down from $414.5 million in the same quarter last year, while theatre attendance totalled 13.3 million for the quarter compared with nearly 15.7 million a year earlier.
Box office revenue per patron in the quarter climbed to $13.19 compared with $12 in the same quarter last year, while concession revenue per patron amounted to $9.85, up from $8.44 a year ago.
This report by The Canadian Press was first published Nov. 6, 2024.
TORONTO – Restaurant Brands International Inc. reported net income of US$357 million for its third quarter, down from US$364 million in the same quarter last year.
The company, which keeps its books in U.S. dollars, says its profit amounted to 79 cents US per diluted share for the quarter ended Sept. 30 compared with 79 cents US per diluted share a year earlier.
Revenue for the parent company of Tim Hortons, Burger King, Popeyes and Firehouse Subs, totalled US$2.29 billion, up from US$1.84 billion in the same quarter last year.
Consolidated comparable sales were up 0.3 per cent.
On an adjusted basis, Restaurant Brands says it earned 93 cents US per diluted share in its latest quarter, up from an adjusted profit of 90 cents US per diluted share a year earlier.
The average analyst estimate had been for a profit of 95 cents US per share, according to LSEG Data & Analytics.
This report by The Canadian Press was first published Nov. 5, 2024.
ST. JOHN’S, N.L. – Fortis Inc. reported a third-quarter profit of $420 million, up from $394 million in the same quarter last year.
The electric and gas utility says the profit amounted to 85 cents per share for the quarter ended Sept. 30, up from 81 cents per share a year earlier.
Fortis says the increase was driven by rate base growth across its utilities, and strong earnings in Arizona largely reflecting new customer rates at Tucson Electric Power.
Revenue in the quarter totalled $2.77 billion, up from $2.72 billion in the same quarter last year.
On an adjusted basis, Fortis says it earned 85 cents per share in its latest quarter, up from an adjusted profit of 84 cents per share in the third quarter of 2023.
The average analyst estimate had been for a profit of 82 cents per share, according to LSEG Data & Analytics.
This report by The Canadian Press was first published Nov. 5, 2024.