Mother’s Day is tomorrow and word on the street is that spending is up this year…bigger than ever. The National Retail Federation estimated that consumers will spend 23.6 billion dollars on Mom this year in 2017, so who says people aren’t shelling out their wallets for Mom. If you are counting that is an average of $186.39 per consumer which is an 6% increase from 2016. Moms work hard and they are entitled to a show of appreciation on their special day. Most consumers will acknowledge that appreciation with a greeting card (77.9%%), though it appears her loved ones will also look for special gifts. Two-thirds (68.5%) of those celebrating will buy mom her favorite flowers, spending a total of $2.6 billion, and 37% percent will look for spring sweaters and blouses, spending a total of $2.1 billion on apparel and accessory items. Mom’s loved ones will also buy 2 billion dollars of consumer electronics this year, so you should ...
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May 13, 2017
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At Home, Family, Featured Articles, Holidays, Seasonal, Shopping
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